11. The difficulty for bankruptcy specialists was figuring out how or whether the trusts could repay creditors when the trusts had no prospect of earning income anytime soon. 12. The new stock may increase in value while any debt or cash that the company uses to repay senior creditors will not appreciate. 13. The plan of adjustment is a master plan that will spell out precisely how the county repays its creditors. 14. The test, meant to weed out wealthier debtors, would replace a more discretionary test that looks at whether a debtor has substantial ability to repay creditors. 15. This pro-inflation policy would also spur investment by companies that could borrow yen that they know will be worth less by the time they have to repay their creditors. 16. Under the new rules, debtors would be required to live under unreasonably tight spending regimes while attempting to repay creditors at improbably fast paces. 17. Under that plan, the combined company would be auctioned, mainly to repay secured creditors. 18. A court-appointed administrator is deciding whether the company can be restructured with fresh capital or needs to be broken up and sold to repay its creditors. 19. In the past, China would simply have repaid creditors of a failed state company. 20. Many companies in the region are burdened with bad debts, and currency depreciations have made it questionable whether they will be able to repay creditors. |