Charter Defeats Lenders at Trial over $11 Billion in Debt, Clearing the Way for Reorganization Plan (Law.com)
October 19th, 2009 adminMore info…
After a 19-day trial before Manhattan Federal Bankruptcy Court Judge James Peck, Charter Communications won the right to maintain favorable terms on $11 billion in secured debt that its lenders had sought to refinance.
Help for debtors (The Nation - Thailand’s English news)
The Government Savings Bank will charge interest at only 0.5 per cent per month to refinance debts owed to loan sharks, said Lersak Chuladesa, the bank’s president and CEO.
Russian carmaker AvtoVAZ says bankruptcy possible (AP via Yahoo! Finance)
Troubled Russian carmaker AvtoVAZ said Monday that it may have to file for bankruptcy if it fails to refinance its debt, Russian news agencies reported.
