Once Wichai had enough shares to call the shots, he changed management, restructured debt and injected cash.
Even if the government offers insurers a preferential deal on restructured debt, the whole industry has been knocked flat.
Rents and occupancies fell with the downturn, and Beacon restructured its debt on its 20-building portfolio in 2010.
The central government also restructured some debt owed to it by the states and made these handouts contingent on better behaviour.
As it emerged from those depths, it restructured its debt, first in 2005, and then in 2010, with approximately 93% of bondholders accepting the harsh new terms.
In early January Russneft restructured its debt with Glencore.
As its finances deteriorated, Solyndra restructured its debt in February.
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The payments are from debt restructured after a 2001 default and new debt issued locally.
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Since then, Argentina has restructured its massive debt twice, offering creditors new bonds for the defaulted ones.
Both Argentina and Mexico have restructured their foreign debt, lengthening its repayment term.
President Cristina Fernandez's predecessor, her husband Nestor Kirchner, restructured most of the debt, and repaid money borrowed from the International Monetary Fund.
Essentially, the Debt Supercycle is the decades-long growth of debt from small and easily-dealt-with levels, to a point where bond markets rebel and the debt has to be restructured or reduced or a program of austerity must be undertaken to bring the debt back to manageable proportions.
Conversely, it has taken the EU too long to accept standard IMF practice: when a country is bust its debt must be restructured.
Grantham Mayo owns London Club debt, which was restructured in 1993. (The London Club and the Paris Club often clash when countries try to restructure their debts).
By then, interest rates were beginning to fall, capital outflows were slowing and some short-term foreign debt was being repaid or restructured.
Much of Russia's debt mountain will be forgiven or restructured.
Obviously now this is a company that we hope in a short period of time -- 60 to 90 days -- that emerges restructured, competitive, and without the massive debt that it previously had.
Ashoka Mody, a professor at Princeton University who until recently was a senior official at the IMF in charge of its involvement in the Irish bailout, said government debt in other bailout countries should be restructured pre-emptively, in acknowledgment of the fact that it is too large to repay.
There's little debt capital markets activity because most companies have restructured their balance sheets.
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The lesson of big banking busts, such as Japan's in the 1990s, is that debt-laden balance-sheets must be restructured and troubled banks fixed before real recoveries can take off.
Our government was once a junk bond credit and its debt traded at 15 cents on the dollar before Alexander Hamilton successfully restructured.
Long term debt has more than quadrupled in the last three years as they have restructured the company.
The one concrete proposal they are keen on voluntary debt buy-backs from private investors who are sure they are going to be restructured again is notoriously unpopular among economists.
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