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The deal requires approval of Taco Cabana shareholders and financing from Carrols' senior lender.
That decision ran into opposition from multiple parties, notably the Federal Reserve Bank of New York, a senior lender to A.I.G. as part of the insurer's bailout.
VDI said Bain had canceled the purchase because its senior lender would not finance the transaction, citing the amount of debt as too high.
Abbeycrest, the jewellery group, said it had breached its banking covenants and was now working with its senior lender, Burdale Financial, to reset the limits.
The Energy Department's approval was required for Solyndra to borrow any new funds, because if the loan was consummated, the federal government would have to surrender its status as the most senior lender, in favor of the new lender.
Before the loan was made, an officer in Commerce's consumer loan department advised a senior lender that Mr. Kemp's loan was not one he wanted in the bank's portfolio.
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Senior lenders would swap debt for stock.
Senior lenders will control 91 percent of the stock of the reorganized company under the plan.
Today, the 11,200-apartment properties are controlled by CW Capital, which represents the senior lenders.
Chrysler's senior lenders on Friday made a new offer to the Treasury Department.
Senior lenders would receive about nine million of those shares and $6.65 million in cash, court papers show.
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CEO of Professional Science Editing for Scientists @ prosciediting.com