The government wants forty-six creditors to accept two billion dollars instead of the seven billion dollars the company owes.
VOA: special.2009.05.01
This week,CIT,a lender to small and medium sized businesses, sought bankruptcy protection from its creditors so it can reorganize.
VOA: special.2009.11.06
He says Dubai and its leaders have too much to lose to let creditors like banks in Britain suffer losses.
VOA: special.2009.12.04
On September 15th, Lehman Brothers, a 158 year-old investment bank, sought legal protection from its creditors.
VOA: special.2009.01.02
One of Wall Street's oldest investment houses had just sought protection from its creditors.
VOA: special.2009.09.18
Capmark Financial Group said it might seek bankruptcy protection from its creditors.
VOA: special.2009.09.04
Dubai World owes creditors a total of sixty billion dollars.
VOA: special.2009.12.04
Chrysler and General Motors sought bankruptcy protection from their creditors.
VOA: special.2010.01.01
Now creditors will learn who gets repaid and how much.
VOA: special.2009.06.05
It sought protection from its creditors while continuing operations.
VOA: special.2009.10.09
The Treasury Department has also been pressing Chrysler's creditors.
VOA: special.2009.05.01
But other creditors have refused the terms.
VOA: special.2009.05.01
It sent markets across the planet tumbling, last week, when executives asked creditors for a six-month extension on repaying its debts.
VOA: standard.2009.12.02
A bankruptcy filing would allow a judge to decide how much creditors would get while Chrysler continues to build cars.
VOA: standard.2009.04.30
The president criticized the creditors, who he said held out for the prospect of an unjustified, taxpayer-funded bailout.
VOA: standard.2009.04.30
Sometimes,even after the harvest, Sanou says farmers have to pawn their belongings to pay back their creditors.
VOA: standard.2010.03.08
Talks led by the U.S.Treasury failed to reach a deal to reduce Chrysler's debt to its creditors, so the automaker will enter into bankruptcy.
VOA: standard.2009.04.30
Spain's debt totals more than Although its economy is far larger, investors fear that Spain, like Greece, might soon be unable to pay its creditors.
VOA: standard.2010.06.24
Mr.Obama said that means sacrifices from all parties involved - including management,labor, shareholders,creditors, suppliers and dealers to - in his words, "preserve a brighter future".
VOA: standard.2009.03.30
State-owned investment company Dubai World,which manages much of the city-state's massive development projects, is asking creditors for a delay in repaying about $60 billion in debt.
VOA: standard.2009.11.27
Talks with creditors broke down late Wednesday after more than 40 investment funds rejected Treasury's offer to retire $6.9 billion of Chrysler debt in exchange for $2.2 billion in cash.
VOA: standard.2009.04.30
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