Meanings of restructure outside in English

The automaker said again on Friday it preferred to restructure outside of bankruptcy court.

GM is seeking $30 billion in U.S. government aid to restructure outside of a court-supported bankruptcy process.

GM still prefers to restructure outside bankruptcy, but would be ready to file for court protection if necessary, he said.

He added that the automaker had originally hoped to repay its loans to the government and restructure outside of bankruptcy.

Chief Executive Fritz Henderson has said the automaker would prefer to restructure outside court but is prepared for bankruptcy if needed.

They'd be able to restructure outside of the public eye, take a long term view, and run the company at break even.

The failure of GM's effort to win support from bondholders for its effort to restructure outside bankruptcy had been anticipated by analysts.

After some posturing that JAL should be restructured outside of bankruptcy court, the banks have since come around.

Elpida in March had filed for so-called Chapter 15 protection in the Delaware court, a common move for companies restructuring outside of the United States.