In a statement, the company said another possible action was restructuring debt, perhaps by exchanging debt for equity.

In Venezuela's case, the banks would exchange existing debt for securities with a lower face value or a lower interest rate.

In Polarian terms, we exchanged debt.

Also, as part of process, some creditors may agree to exchange debt for some portion of equity.

If no partner can be found, the entity should ask debtholders to exchange debt for equity to make the company solvent again.

Like I said, it's exchanging and redeeming debt.

That has since been reduced to $216 million, a spokesman said yesterday, in part by exchanging debt for equity.

These countries might also benefit from household debt reduction policies involving exchanging private debt for public debt.

Bolivia, Ecuador and the Philippines have exchanged debt for local currency plus commitment to preservation.

Coleco is trying to stave off a bankruptcy filing by exchanging debt for equity.