In 2002, it sought Chapter 11 protection from its creditors.
And seeking protection from creditors is, culturally, just not Chinese.
Last June, the company sought refuge from creditors in bankruptcy court.
Without the loan guarantees, United will almost certainly have to seek court protection from its creditors.
The company, which said during the quarter that it might seek court protection from creditors, saw its shares fall by 66.7 percent.
The company sought protection from its creditors last year.
Speculation has grown that the company would be sold or seek court protection from creditors.
The company had about 1,200 employees just before it sought protection from its creditors under bankruptcy laws last December.
Unable to pay, he sought protection from creditors under the bankruptcy code.
On 28 July 2009, the parent company sought protection from creditors after making a loss of €3 million euro.