The former agreed to shelve pay raises for municipal workers; the latter helped stave off bankruptcy by buying city bonds with pension funds. (nydailynews.com)
Sears Holdings, which is trying to stave off bankruptcy for as long as possible even as sales are collapsing toward zero, refinanced $ 500 million in old debt with new debt that pushed out debt maturities and reduced its interest burden. (businessinsider.com)
Catholic parishes are selling off and leasing churches, convents and schools for six - and seven - digit returns in order to stave off bankruptcy as collection... (therealdeal.com)