creditors
RSS creditorsCreditors likely to agree L&H business break-up
News Speech recognition company Lernout & Hauspie is today expected to win permission from its creditors to start selling off assets and breaking up the business. The company's main creditors, Belgian Banks Dexia, Fortis and KBC Bancassurance, along... [05 Jun 2001]
Andersen offers to pay-off Enron creditors
News Accounting giant Andersen is reported to have offered Enron creditors a $260m settlement over allegations it helped the energy giant cover-up its financial troubles. According to USA Today the firm has offered to settle out of court with the... [21 Feb 2002]
This time in '99: Creditors give Iridium last minute reprieve
News Beleaguered satellite mobile phone company Iridium, has sought a 60-day reprieve from its creditors, after claiming it does not have any cash. The company had boasted it would have 27,000 subscribers by the end of March, but financial results show... [31 Mar 2000]
Chip firm goes cap in hand to creditors
News Struggling memory chip maker Hynix Semiconductor is asking its creditors for a $3.5bn loan to stave off bankruptcy. The latest plan, proposed by financial advisors Smith Salomon Barney, calls on creditors to bankroll the company again in a series... [04 Sep 2001]
PSINet sells the kitchen sink to pay off creditors
News The company hopes to raise between $452m and $472m to appease its most demanding creditors. However, unsecured creditors are only likely to receive 10 per cent of the total they loaned to the ISP. Bankrupt ISP PSINet has put all its assets up for... [19 Apr 2002]
Lernout & Hauspie sweet-talks creditors
News The company is currently in talks with a consortium of five Belgian and German banks - all L&H creditors - to continue work on its speech and language technologies through a new company. Under the restructuring plan the creditors will take a... [11 Sep 2001]
Hynix creditors approve Micron deal
News Hynix's creditors today voted in favour of merging with Micron Technologies ahead of tomorrow's board meeting. While many creditors oppose the deal because it will lead to only a fraction of the money they lent the debt-riddled company being... [29 Apr 2002]
Creditors give Iridium last minute reprieve
News Beleaguered satellite mobile phone company Iridium, has sought a 60-day reprieve from its creditors, after claiming it does not have any cash. The company had boasted it would have 27,000 subscribers by the end of March, but financial results show... [31 Mar 1999]
KPNQwest creditors refuse to lend more money
News The creditors of bankrupt data carrier KPNQwest have refused more funding for the network despite the fact that the money was collected by customers of the data carrier on the promise that it would be used to keep the network running. [21 Jun 2002]
Hynix creditors change tack as Micron talks collapse
News Creditors at bankrupt chip manufacturer Hynix have called in a new group of advisors to oversee the sale of assets, following failed merger talks with Micron. Creditors have picked Morgan Stanley Dean Witter and Deutsche Bank to replace Hynix's own... [16 May 2002]
Lernout & Hauspie win over creditors
News Belgian speech technology specialist Lernout & Hauspie has managed to sell its restructuring plan to its creditors. The company won 90 per cent of the 150 votes cast by creditors, according to Reuters. [18 Sep 2001]
Curses or Cures: State Regulations, Hospital Creditors, and the ARM Industry
White Paper Although federal legislation such as the embattled SCHIP expansion bill receives much of the national media attention, several states have enacted laws in 2007 that directly impact how hospital creditors and their partners in the Accounts... [15 May 2008]
Iridium creditors to sue Motorola for $2bn
News Former Iridium investors and shareholders are accusing the mobile phone manufacturer of maintaining control over the subsidiary even after its flotation on the stock exchange. They claim money invested in satellite telephony was diverted into... [08 Mar 2001]
L&H faces creditors as Belgian court denies chapter 11
News Last week, the company, which has headquarters in both Belgium and the US, won bankruptcy protection from its American creditors. A commercial court in Ypres refused protection on the grounds that L&H had failed to provide sufficient financial... [08 Dec 2000]
Marconi seeks to calm nervous creditors
News Telecoms equipment company Marconi is meeting its backers to convince them of its ability to pay off its £4.4bn debts. Following its profit warning in September, Marconi pledged to slash its overdraft by at least £2.7bn by the year's end. [18 Sep 2001]
