And that, the company added, would likely cause the company to file for bankruptcy.
Each state has different laws about whether and how municipalities may file for bankruptcy.
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The company is the largest retailer to file for bankruptcy since Kmart in 2002.
And to protest the new strategy, Recovery's CEO and CFO resigned, urging Recovery to file for bankruptcy.
If neither debt management nor debt settlement is appropriate, you may need to file for bankruptcy and start anew.
Vick was forced to file for bankruptcy in July 2008 as expenses piled up with no income to match.
That in turn would force some of those to restructure, to make lay-offs or even to file for bankruptcy.
Instead in March he had his companies that had relationships with Credit Suisse file for bankruptcy protection in Newark, N.
That is, well over 70% of the players file for bankruptcy within 5 years of falling off the roster cliff.
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Lehman, after scrambling to find a commercial bank buyer over the weekend, will file for bankruptcy for its holding company instead.
They had to file for bankruptcy, and that's when Ashley decided that she had to do something to help her mom.
Shares of Eastman Kodak (EK) are sharply lower today after news that the company could be preparing to file for bankruptcy.
Having been caught by the Asian crisis, the group may now enter a lengthy debt workout or even file for bankruptcy.
GM's crisis is so dire that the company might well be able to achieve significant concessions without having to file for bankruptcy.
He decided to file for bankruptcy, and let his home be taken.
While General Motors and Chrysler were forced to file for bankruptcy in 2009, Ford Motor managed to avoid Chapter 11.
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Market rumors speculated that the company was about to file for bankruptcy.
But imagine if those banks had been allowed to file for bankruptcy?
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Federal law requires that consumers go through budget and credit counseling from an approved counseling agency within 180 days before you file for bankruptcy.
Did you know that people in this position may have no property to protect and, therefore, may not need to file for bankruptcy protection.
Filers face a public grilling from creditors, detailed disclosure of income and assets, and the inability to file for bankruptcy again for several years.
On Friday, Abound announced that it would file for bankruptcy.
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In green transportation news, Fisker Automotive may be headed for trouble as rumors swirl that the luxury eco automaker may soon file for bankruptcy.
Icesave had stopped customers, including thousands in Britain, from withdrawing money from their accounts and British regulators have said it is likely to file for bankruptcy.
But if it turns out to be a bigger problem the organization may have to file for bankruptcy to manage the wave of litigation against it.
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Under the plan, the firm would file for bankruptcy, which would freeze most debts owed to trade creditors and employees, as well as payouts to pension holders.
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He strongly indicated that there would be more aid for General Motors and Chrysler, which are now contemplating whether to file for bankruptcy to shrink themselves more rapidly.
As for Servette, Iranian owner Majid Pishyar simply released a statement on the club website Thursday saying that with a "broken heart" he had decided to file for bankruptcy.
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Yet, according to a study by Elizabeth Warren of Harvard Law School, there is no evidence that most people who file for bankruptcy are taking advantage of the system.
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