51. Such a filing would permit the company to continue operating while it sought to develop a plan for paying creditors. 52. The debtors were also allowed to repay their obligations in pesos to Ficorca, a government institution, which then paid the creditors in dollars. 53. The filing will allow Baldwin to continue operating while it develops a plan to put its finances in order and pay creditors. 54. The Mexican program allowed companies to repay foreign debt in pesos to Ficorca, which then paid foreign creditors in dollars. 55. To make its debt payments, Argentina is forcing private pension funds to buy government bonds, raising the cash it needs to pay creditors. 56. To pay its creditors, Webvan plans to sell its remaining assets. 57. If none are found and the club cannot pay creditors, it would then have to go into bankruptcy. 58. Burnside said Bond needed to start earning a living to help pay his creditors. 59. The problem was caused after many debtors failed to pay their creditors when a decline in crude prices plunged the oil-rich Gulf into an unprecedented recession. 60. There were no financial difficulties and all staff and creditors were being paid in full, she added. |