11. To avert bankruptcy, the company must now negotiate a voluntary agreement with its banks to forgive some debt and provide fresh credit. 12. While the plan is a key step toward averting bankruptcy, its terms are also tough for shareholders. 13. Prosecutors allege that Moore siphoned off the money to finance a series of unauthorized speculative ventures that went wrong, and then stole more money to avert bankruptcy. 14. But Bush is putting off for now airline industry calls for loans to avert bankruptcies, an administration official said Wednesday. 15. Heavy phone usage is breathing new life into Globalstar, which in August announced plans to lay off half its workers to avert bankruptcy. 16. The central bank has unsuccessfully been urging consolidation as a way for finance companies, overburdened by bad debts from property developers, to avert bankruptcy. 17. Kazakh Prime Minister Imangali Tasmagambetov stressed that the president had acted in the interest of Kazakhstan and that the money had twice helped the country avert bankruptcy. 18. Sheikh Ahmed said Gulf Air could avert bankruptcy if it sold what he called excess aircraft and stopped flights which are causing losses. |