Sentences with phrase «claw back the debt»

The creditors, on the other hand, are left to claw back the debt out of a share of the proceeds got in by the administrator from the sale of the business.

Not exact matches

During his testimony, de Blasio raised several concerns about Cuomo's proposed $ 145 billion budget and pleaded with lawmakers to, among other things, reject the governor's attempt to claw back more than $ 600 million in savings from a recent debt refinancing and his call for the city to provide more per - pupil funding to charter schools.

For instance, the government wrote off # 1.8 million of claw - back funding from Royal Greenwich UTC, which is converting to become a mainstream secondary school, because the debt would put «severe financial pressures» on its new sponsor, University Schools Trust, east London.

Parliamentary figures from January show the government wrote off # 800,000 that it felt it was unable to claw back, likely to be related to free schools closing without being able to repay debts.

Advisor to ZCCM - IH on the restructuring of ZCCM - IH's balance sheet by converting the historic debt owed to the Government of Zambia following the privatisation programme, to equity and a raising of up to ZMW2.5 billion (approximately USD $ 409 million) additional capital by way of a claw back rights issue underwritten by NAPSA;