Supervisors approved a plan to escape bankruptcy.
And earlier this year Sir Charles escaped bankruptcy by a whisker as his debts soared to £4.6 million.
"But the submission of an agreement to restructuring by the labor union doesn't necessarily mean the company will escape final bankruptcy."
From 1970 to 1978, a time when the city's economy collapsed and its municipal government narrowly escaped bankruptcy, the city lost an average of 77,000 jobs a year.
The company tried to develop various products without much focus and barely escaped bankruptcy in the mid-1990's.
In 1862, although his assets were worth £22,000, he had to sell the Advertiser to escape bankruptcy.
Earlier this week, Hyundai Engineering defaulted on a $20 million loan and barely escaped bankruptcy by paying it a day late.
In July 2003 the club barely escaped bankruptcy.
Like Wolves, Middlesbrough were a financially troubled club and had narrowly escaped bankruptcy.
In the season 2005/06, the club narrowly escaped bankruptcy.