81. It has negotiated a restructuring of debts owed to creditor banks to avoid bankruptcy but the plan has yet to be approved by all creditor banks and by shareholders. 82. Ministry officials said it had tried to avoid bankruptcy as a failure would bring confusion to depositors and local economy. 83. Somprasong had been struggling to avoid bankruptcy for several months, they said. 84. That prompted Treasury Secretary Robert Rubin to use controversial accounting maneuvers to avoid government bankruptcy, including borrowing from federal employee pension funds. 85. The company says the plan is vital if it is to avoid bankruptcy. |