By Gabriel Wildau and Carrie Ho
WEIFANG, China (Reuters) – The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant’s owner repay $60 million in commercial paper.
The bailout averted what would have been China’s first ever bond default and was good news for domestic bond investors, who were reassured that in China even mid-sized state-owned firms can count on “too-big-to-fail” treatment.
“Even though it is counter-intuitive, post-bankruptcy is actually a relatively easy time to obtain credit because you have no other debts and you are a lower credit risk because you cannot file for bankruptcy again for a period of time,” said Bliss, McMahon’s campaign manager.
Loan At 18% Interest
WILKESBORO, N.C. (AP) — The wife of former NASCAR driver Jeremy Mayfield has filed for Chapter 7 bankruptcy, which will allow the couple to stay in their home.
The Hickory Daily Record reports that (http://bit.ly/LnEFvX ) Shana Mayfield filed for bankruptcy protection in U.S. Bankruptcy Court in Wilkesboro on May 9.
(EMAILWIRE.COM, May 19, 2012 )
Los Angeles, Ca — To most people, having a car means having freedom. A car gives a person the ability to quickly commute to their job, run errands, meet up with friends and family and take fun road trips. Continue reading →
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