1. Adelphia, which owns and operates cable systems in several states, is under pressure to find new sources of cash to satisfy creditors. 2. But the departures have not come quickly enough to satisfy creditors who want to put some distance between Enron and its pre-bankruptcy board. 3. Creditors were satisfied with the decision, Norman said, shrugging off the possible delay posed by further negotiations. 4. If sale proceeds satisfy secured creditors, unsecured creditors may be in line for some payment. 5. If it is not forthcoming by then, Bugatti Automobili will be dissolved and its assets will be sold to satisfy creditors. 6. In doing so, it froze all litigation against it but was required by law to come up with a reorganization plan to satisfy its creditors. 7. Instead, creditors have worried that those funds could be diluted to satisfy other creditors of the parent corporation. 8. Initially export credits were examined, only to be abandoned after the finance ministry refused to issue a sovereign guarantee to satisfy would-be creditors. 9. Rather than settle a dispute, the bankruptcy process is designed to satisfy the creditors and enable the company to emerge from court protection as a viable business. 10. The company is expected to be broken up and parts sold to satisfy creditors. |