Mr. Ward, the bank spokesman, declined to say whether his company would seek bankruptcy.

Lamar Hunt settled his case out of court and did not seek bankruptcy.

At least these clowns can seek bankruptcy, you can bet people who had gotten sued or forced to settle didn't have the protection.

Five Towers Financial subsidiaries sought bankruptcy and the chairman said "asset backed" bonds were not secured.

During negotiations over how to resolve the competing claims, Mr. Davis said he also might seek bankruptcy, but he never did.

Creditors of the old company, which sought bankruptcy in 1985, will receive distributions of more than $550 million.

In the 1990's, the airline was twice forced to seek bankruptcy court protection from its creditors.

Analysts say other airlines could be forced to seek bankruptcy to reduce wages and benefits to levels achieved by their rivals.

In May, Baan shares reached a low of 1.26 euros, or about $1.18, on fear the company would seek bankruptcy.

On June 18, 2009 the company sought bankruptcy due to heavy debts and recession in the marketing business.