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But Ochoa acknowledged that, as long as oil prices remained high, the government could probably stave off collapse indefinitely.
It helped the firm sell off assets and process a flurry of transactions in an effort to stave off collapse.
At the United Nations, Mr. Annan scrambled on several fronts yesterday to stave off collapse of the peacekeeping mission.
In most cases, however, banks accepted government funds not to stave off collapse but to boost lending to the real economy.
To stave off collapse, they say they have only two options: apply to the Small Business Administration for a disaster loan, or file claims with BP.
The sale gave Scoot enough cash to last about six weeks and was seen as an eleventh-hour maneuver to stave off collapse.
Similar(29)
After weeks of emergency talks and narrowly staving off collapse 10 days ago, the Dublin-based broadcaster called in Deloitte yesterday afternoon.
The Knight Capital Group confirmed on Monday that it had struck a $400 million rescue deal with a group of investors, staving off collapse after a recent trading mishap, even as the New York Stock Exchange temporarily revoked the firm's market-making responsibilities.
Hobbled by recent knee surgery and haggard from several sleepless nights, Mr. Joyce on Monday announced that Knight Capital had struck a $400 million deal with the group of investors, staving off collapse after a devastating trading mishap.
Only a rescue by the French government staved off collapse.
During the financial crisis, however, the sting was felt on the other side, as G.M.A.C. staved off collapse thanks only to a government infusion of $17.2 billion.
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