Kevyn Orr, the lawyer appointed to oversee the city's finances in March, sought the approval of a federal judge to place the city in bankruptcy protection after failing to strike agreements with creditors, including Detroit's large public sector pension funds, over plans to restructure up to $20bn in long term debts.
After the fall of the Berlin Wall and German unification in 1990, a trustee agency known as the "Treuhandanstalt" was set up to restructure, wind up or sell off East German state enterprises.
Restructuring follow-up needs to be discussed among cancer specialists, psychologists, social workers, and also epidemiologists, general practitioners, policy makers and health insures so that appropriate guidance is available for future cancer survivors.
And there is still scope for restructuring to push up profits: Deutsche Bank and ABN-Amro are among those that have announced plans.
Last year, Zappos shook things up by restructuring into a Holacracy, eliminating job titles and managers.
Their logic: Greece still has to go through wrenching cuts, and may still end up restructuring its debt which could force current bondholders to take a haircut.
So he has repeated the trick at Moelis & Company as the economy has soured: restructuring now makes up half its business.Mr Moelis knows he will have to remain nimble while expanding his firm's offerings.
The task force was assembled to draw up restructuring plans for JAL by the end of November after the struggling carrier's own plans failed to satisfy government officials.
In Mr. Schäuble's view, a banking union — originally a three-step plan to create a single euro zone banking supervisor, a unified system for resolving problem banks and a single deposit-guarantee program — makes sense only if there are strict rules for restructuring and winding up failing banks.
Its stress tests gave a clean bill of health to banks that were later poleaxed in Belgium, Spain and Cyprus.It is only now, nearly four years after the collapse of Lehman Brothers, that the commission has issued a proposal for an EU-wide system of restructuring and winding up failing banks, to take effect in 2018.
