25 Evergrande is not filing for bankruptcy but restructuring its debt. (www.washingtonpost.com) posted 1 year ago by villageidiot22 1 year ago by villageidiot22 +25 / -0 China's Evergrande says it is asking for US court to approve debt plan, not filing for bankruptcy A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion in debt says it is asking a U.S. court to approve a restructuring plan for foreign bondholders and denied what it said were news reports suggesting it filed for ba... 4 comments share 4 comments share save hide report block hide replies
Correct, but not full-blown bankruptcy as many are saying. that's why the impact was not what one could have expected.