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"To have someone with restructuring experience is a good thing".
The administrators have been in talks with restructuring specialist Hilco about taking over the business.
"These changes begin the process of accountability as we move forward with restructuring the I.N.S".
In Britain in particular, job losses have become synonymous with restructuring in sectors from oil to insurance to utilities.
The results were impacted by staff cuts "in response to weak economic activity" with restructuring costs hitting £1.4m.
The two carmakers will get $13.4bn with an additional $4bn in February if they make progress with restructuring.
As chief of staff, Panetta was credited with restructuring White House operations, as well as brokering deals with congressional Republicans that enabled passage of federal budgets.
Mr Orr was appointed by Mr Snyder, who had charged him with restructuring the debts to put the city on a more sustainable footing.
As premier, Wen was also entrusted with restructuring China's heavily indebted banking system and continuing to reform its state-owned enterprises to make them more globally competitive.
The recession was also taking the blame for troubles at Aim-listed human resources consulting group Savile, which helps companies and public bodies with restructuring.
Both nations are former adversaries that present new challenges to American policymakers as Moscow and Beijing wrestle with restructuring their economies and opening to the West.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com