And that, the company added, would likely cause the company to file for bankruptcy.
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.
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.
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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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.
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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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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Dewey's remaining lawyers and outside advisers are working to be ready to file for bankruptcy protection by the end of next week, though the actual filing could come well after, these people said.
The turmoil in the solar manufacturing business, where an oversupply issue worldwide has forced dozens of solar panel makers to file for bankruptcy over the past two years, means some manufacturers may not be around to honor their warranties.
Ford briefly gained some kudos among politicians and the public for being the only one of Detroit's big three carmakers not to file for bankruptcy in the wake of the financial crisis, but is now stuck with higher costs than its rivals.
And on Monday, one of the largest bond insurers during the crisis, Ambac, announced it was unable to pay its debt and that it might have to file for bankruptcy if it cannot restructure its debt, sending its share price plummeting down 49% to 42 cents.
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While no one wants to file for bankruptcy protections on student loans (or any other type of loan for that matter), their removal from student loans has clearly caused a systemically predatory lending system the likes of which this country has never seen, and has also enabled the intolerable tuition inflation already mentioned.
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So far, the damage in the U.S. mortgage industry has been confined to a few highly leveraged and weakened lenders, such as New Century Financial , which had to file for bankruptcy earlier this year after its banks refused to extend it more credit, and to a few funds that had big investments in the sector.
Mr. McCourt and his lawyers, led by Chicago litigatorFred Bartlit, are likely to argue that the alleged mistake triggered legal fees, drove up the cost of the divorce payment to Ms. McCourt, and, at the end of the day, caused the Dodgers to file for bankruptcy protection, which resulted in a forced sale of the team.
So far, the damage in the U.S. mortgage industry has been confined to a few highly leveraged and weakened lenders, such as New Century Financial (other-otc: NEWC - news - people ), which had to file for bankruptcy earlier this year after its banks refused to extend it more credit, and to a few funds that had big investments in the sector.
On April 15, 2008, Esmerian caused Fred Leighton to file for Chapter 11 bankruptcy protection.
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The troubles that have blighted the industry in recent years and led to the closure of some European airlines and forced some of the largest American carriers to file for Chapter 11 bankruptcy proceedings can only be resolved through a programme of consolidation.
In addition to several House and Senate subcommittees, the Justice Department and Securities and Exchange Commission are investigating Enron's swift collapse and its decision to file for Chapter 11 bankruptcy protection December 2, 2001 -- the largest such filing in U.S. history.
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