The process will allow the carrier to continue normal business operations as it restructures its debt.
It substantially restructures Medicare and cuts Medicaid, food stamps, and transportation infrastructure while reducing the top tax rate from 35 percent to 25 percent.
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The move will lead to job cuts as it restructures and shrinks the size of the lending arm, beleaguered by the financial crisis.
In Colorado, the new law signed by Mr. Hickenlooper on Tuesday restructures how the state funds K-12 education, while expanding full-day kindergarten and early-childhood programs.
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Buyouts can be enormously profitable, but because the money is tied up for years while management restructures and pays down debt, the returns are extremely uneven.
Whether OnLive ceases to exist or simply restructures under bankruptcy is up in the air, but we now have several confirmed sources claiming massive layoffs of the OnLive staff.
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The move comes after Sogefi Filtration Ltd's announcement on Thursday that many jobs are at risk at its south Wales plant as the company restructures to face "difficult market conditions".
Presumably, more will follow as the banking sector restructures.
But there are good reasons to keep the European operations out of insolvency while the company restructures in America, says Mark Hyde, a specialist in cross-border restructuring at Clifford Chance, a law firm.
This exclusion applies whether a taxpayer restructures his or her acquisition debt on a principal residence, loses his or her principal residence in a foreclosure, or sells a principal residence in a short sale.
Finally, media reports have surfaced that Citigroup, which has struggled through the financial crisis, is increasing base salaries for many of its employees as it restructures its compensation program in an effort to circumvent new restrictions on bonuses.
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