Government activism in private sector business restructurings, including the bankruptcy restructuring of Japan Airlines, is criticized as unhealthy.
But that still doesn't mean it's right to hand federal aid to Ford or any of the other companies without requiring a bankruptcy restructuring in return.
Chrysler reported an annual net profit for the first time since it emerged from a bankruptcy restructuring process in 2009 that handed control of the car company to Italy's Fiat.
Private-equity firms have long played a central role in shepherding distressed companies through bankruptcy and restructuring, but hedge funds increasingly have taken on that role.
Boeing made significant sales projections last week amid speculation that AMR Corporation, the parent company of American Airlines, may be facing bankruptcy and restructuring.
Obviously the bankruptcy and the restructuring helped enable them to restructure in that way.
One possible reason for this is that independent board members are worried that their value in the market for directorships will plummet if they have overseen companies that have filed for bankruptcy or debated restructuring.
How else does one expect these people to stay on for a pittance in salary while restructuring in bankruptcy where they would be no performance pay.
Michael Rollins, analyst with Citigroup--the bank that led Vonage's ill-fated IPO last year--wrote in a March 26 note that "failing to successfully address the patent infringement suits" could force Vonage into "a financial restructuring or bankruptcy" in one or two years.
Thailand is only now introducing a bankruptcy law with a provision for restructuring debts.
General Motors ( GM - news - people ) until May 31 to develop a new restructuring plan, with bankruptcy looming as an option.
So far, most discussion about dealing with homeowners has focused on ham-fisted government intervention, some reprising the agency-centric approaches of the 1930s, others involving a judicial restructuring of mortgages in bankruptcy.
American Airlines provided the first details of its restructuring plans since it entered bankruptcy protection in November.
Jones Day's best-known restructuring lawyer, Corinne Ball, represented Chrysler on its historic government-brokered bankruptcy, and is currently advising Twinkie maker Hostess Brands Inc. on restructuring options.
Mitsubishi Motors, along with most other big firms that have recently announced a restructuring, did so only because bankruptcy was threatening.
This week, the federal bankruptcy judge in the United case approved the restructuring of three of United's equipment trusts, avoiding the threatened repossession of 15 aircraft by trustees of the securities.
Under this, the Bank of England has traditionally rounded up the creditors of troubled British firms to thrash out a restructuring, without the need for formal bankruptcy proceedings.
Nortel filed for bankruptcy protection at the start of the year and are restructuring their business.
Other common reasons: Reorganization or restructuring of a company, cost cutting, and bankruptcy.
The Indonesian government has begun to tackle such important issues as privatization of state enterprises, establishment of a social safety net, the restructuring of the corporate and banking sectors, and bankruptcy reform.
Because the law's provisions for restructuring are vague, those few companies that do declare bankruptcy rarely emerge alive.
Eastman Kodak, which continues to operate under the protection of Chapter 11 of the federal bankruptcy code, announced this morning that as part of its ongoing restructuring, it will wind down the sale of consumer inkjet printers.
FORBES: Kodak Keeps Shrinking; To Exit Inkjet Printer Business
Romney, meanwhile, felt safer attacking Obama for the loans he gave to green car start-ups like Tesla Motors and Fisker Automotive than for his role in forcing GM and Chrysler to swallow bitter medicine through restructuring and then to provide crucial funding after they exited bankruptcy.
FORBES: Funny--Neither Romney Nor Obama Touched The Auto Bailout In The Debate
Prepackaged and prenegotiated bankruptcy combine the most attractive features of Chapter 11 and out-of-court restructuring.
But the appointment of Jones, Day bankruptcy specialist Kevyn Orr does not mean the city will avoid a court-ordered restructuring.
FORBES: Detroit's New Emergency Manager Keeps Bankruptcy Card In His Deck
Important features of domestic bankruptcy law an impartial judge, protection from lawsuits, the ability to force restructuring terms on recalcitrant creditors do not exist for sovereign borrowers.
On February 1, American Airlines which declared bankruptcy last November announced plans to end defined benefit pensions as part of its Chapter 11 restructuring plan.
FORBES: The Pension Benefit Guaranty Corporation's Real Crisis
Chrysler announced its earnings today, and despite losing money from the time that it exited bankruptcy last year to the end of the year lost money, part of which was a one-time restructuring charge, it achieved an operating profit in the first quarter of 2010, the first quarterly operating profit since the beginning of the economic crisis.
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