tag:blogger.com,1999:blog-1527840491496268397.post1939772087593794553..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Suntech Bond Traded at 8 CentsUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1527840491496268397.post-74271266910272769002014-01-31T12:23:54.373-07:002014-01-31T12:23:54.373-07:00China's onetime solar-power giant Suntech Powe...China's onetime solar-power giant Suntech Power Holdings Co. plans to file for bankruptcy protection in U.S. court as its leaders negotiate with the holders of more than $500 million in U.S. convertible bonds, according to<br />people familiar with the matter.<br /> <br />Suntech plans to file for protection under Chapter 15, the section of the Bankruptcy Code that deals with international insolvencies. If recognized by a<br />U.S. judge, the solar panel maker will receive the benefits of U.S. bankruptcy law, including the so-called automatic stay that halts lawsuits and prevents<br />creditors from seizing assets. The filing is expected by Feb. 21, according to the people familiar with the matter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-22429153611954234752014-01-31T10:25:51.065-07:002014-01-31T10:25:51.065-07:00WSJ: China's Suntech Power Plans U.S. Bankrupt...WSJ: China's Suntech Power Plans U.S. Bankruptcy FilingAnonymousnoreply@blogger.com