The agreement, which is to be structured as a prepackaged bankruptcy settlement, was reached at the 11th hour after all-night talks.
Business law (acts of commerce, merchants, businesses, corporate bankruptcy settlement of business difficulties, credit instrument and instruments financial).
It agreed in 1984 to pay $250 million as part of Banco Ambrosiano's bankruptcy settlement but said the payment was not an admission of responsibility.
(2) The agency has filed for bankruptcy or agreed to a reorganization plan as part of a bankruptcy settlement.
The proceeds largely go to pay off creditors as part of a bankruptcy settlement.
This was the source of the money from the bankruptcy settlement.
In addition, the fund's loans might not be included in a bankruptcy settlement.
Mr. Ross said various creditor groups might begin serious talks on a bankruptcy settlement as early as next week.
It ended with a bankruptcy settlement that made him the controlling owner.
After the government had extracted another $28,000,000 as part of the bankruptcy settlement, taxpayers were left to pay $147,500,000 through the Environmental Protection Agency.