Sentences with phrase «debt restructuring process»

In my experience, once the debt restructuring process begins, it tends to continue... and we've already seen a rescheduling of the company's debt repayments.

For Debt Exchange Offers, Morrow Sodali has the experience and specialized resources to assist corporations, municipalities and investment bankers with all aspects of the debt restructuring process.

Briefly, PROMESA establishes an independent oversight board, provides for a bankruptcy - like debt restructuring process, and requires submission of a Fiscal Plan by Puerto Rico.

Not exact matches

Sovereign debt crises tend to be messy and drawn - out — as Greece has shown — because the world lacks a global bankruptcy process to restructure debts that governments can't pay.

Any contagion to insolvent borrowers should accelerate the process of debt restructurings, so that they are swiftly restored to a sustainable footing.

Puerto Rico would have been left in a bind in which it had no access to the U.S. municipal bankruptcy process but was preempted from enacting any analogous debt restructuring mechanism by Section 903 (1) of that same Bankruptcy Code, per Franklin California Tax - Free Trust.

The measure, which halts litigation against the issuers of Puerto Rico's government and quasi-government debt to allow an orderly restructuring process, passed the Senate on a vote of 68 - 30.

In the process, shareholders would appropriately be wiped out, subordinated debt would be wiped out, senior unsecured debt could be written down to the extent that losses were still uncovered, and senior bondholders would get equity and convertible debt in the new restructured institution.

And unlike Detroit, which was able to file under Chapter 9 of the U.S. bankruptcy code, there's no court process under which Puerto Rico can restructure its debts — unless Congress changes the law.

Filing for bankruptcy is a legal process that either reduces, restructures or eliminates your debts.

Bankruptcy is a legal process which allows debtors, who are unable to repay debt owed to a creditor, to either discharge the debt or restructure some of their debt payments.

He counsels clients through the commercial loan process and helps them restructure troubled - debts.

It offers the best opportunity for a beneficial outcome, for example, through the rescheduling or refinancing of debt, restructuring of equity, reorganisation or disposal, with or without going through the insolvency process.

Managed the loan loss reserve (LLR), troubled debt restructuring (TDR), and real estate owned (REO) processes for Multifamily loans, including key controls, journal entries, reconciliations, analytics, reporting, and audit requests

Divorcing parties under the old law could use a HELOC or refinance to help in restructuring their finances, for example, by paying off high interest credit card debt, legal fees for the divorce, or to fund transitional expenses for a spouse during the divorce process.