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Instead, the budget asks SUNY to submit a restructuring plan for the hospital by June.
Mr. Orr, who has not yet met with union leaders or creditors, is required to submit a restructuring plan to the state treasurer in early May.
At the very least, as has been the custom since 2008, any bank in the EU that accepts state aid has to submit a restructuring plan to the EC, and has to impose losses on bondholders, via coupon deferral (Upper Tier 2 and Tier 1), and not calling debt (all subordinated debt).
In a slight tightening of the temporary rules, all banks getting aid from the government that goes beyond loan guarantees from Jan . 1onwards will have to submit a restructuring plan to show how they can continue to function without additional support in the future.
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The reform council must submit a restructuring plan to Congress by Thursday.
In return for the money, the United Auto Workers union must make concessions and GM must submit a restructuring plan to the government by March 31.
And if antitrust authorities prevailed in blocking the merger, American would have to submit a new restructuring plan to the court.
While GM still has 60 days to submit a more aggressive restructuring plan, leaders in Washington are beginning to call bankruptcy an inevitability.London is playing host to a G20 summit this week, and multiple storylines are already emerging.
The firm also said that Yuen and his ally Elsie Leung Elsie Leung have joined with News Corp. to submit a proposal to the Gemstar board that would "restructure" the firm's management and settle "the disputes among the parties".
Tepco is expected to submit a detailed business plan to the government by March next year, indicating how it plans to restructure its operations amid all the problems.
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