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Little interest was shown in keeping a company on legal life support until the Great Depression when, faced by an unprecedented number of business failures, the Chandler Act of 1938 created Chapter 11 bankruptcies to allow managers to try restructuring instead of simply liquidating the assets.
Pilot unions are being asked to accept less pay, and thousands of workers are losing jobs as the major carriers try restructuring to avoid or get out of bankruptcy.
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Mr. Hands tried restructuring his deal with Citi, but the talks broke down in October.
"Every immigration commissioner has tried restructuring the agency and things have only gotten worse rather than better," Mr. Sensenbrenner said today.
— to try to restructure its liabilities.
Nor will it try to restructure the industry.
Mr. Barnett said he was negotiating with the special servicer, LNR Partners, to try to restructure the debt.
Many firms try to restructure their manufacturing systems to avoid these crucial problems and to be more efficient, profitable and better organized.
It can also try to restructure the whole value chain by substituting its own distribution networks for dealers and franchises.
Bradway was alluding to the way the team will try to restructure some contracts to remain under the salary cap.
Say the loan plan is not approved and one or more of the automakers has to go under protection of bankruptcy laws while they try to restructure themselves.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com