The US hedge funds Apollo and Oaktree, investment bank Goldman Sachs and Nine Entertainment begin talks on Monday and Tuesday that will decide whether the television group gets new owners quickly or slides into the purgatory of receivership, The Sydney Morning Herald reported. Nine convened the meeting to try and resolve a stand-off between the hedge funds, which own most of Nine's $2.7 billion senior debt, and Goldman, which manages investment funds that own about 80 per cent of Nine's lower-ranking $1.1 billion tranche of mezzanine debt.

Indebted miner Great Basin Gold on Thursday said it was to acquire a $35-million loan by order of the British Columbia Supreme Court, following its Companies Creditors Arrangement Act (CCAA) filing made on Wednesday, MiningWeekly.com reported.

Belize is poised to default on its only bond, as the country's negotiations with creditors continue, The Wall Street Journal reported. In August, the Central American nation failed to make a $23.1 million interest payment, initiating a 30-day window during which it must pay or become the first country since Greece to default on its sovereign debt. The grace period was scheduled to end at 5 p.m. EDT Wednesday. Belize and its bondholders are negotiating to restructure the country's debt.

Frustrated by Japanese chipmaker Elpida Memory Inc's plan to sell itself out of bankruptcy in Tokyo for a perceived pittance, the company's U.S. bondholders are bringing the fight back home, turning to a Delaware court in hopes of wresting control of the case, Reuters reported. Holders of some of Elpida's $5.6 billion in bonds will argue at a hearing on Monday in U.S. Bankruptcy Court in Wilmington, Del., that Elpida's plan to sell itself to U.S. rival Micron Technology Inc for about $2.5 billion drastically undervalues the company.

Canada's second-biggest hog producer, Big Sky Farms, has entered receivership as the North American hog industry struggles under the bruising costs of animal feed, Reuters reported. Big Sky Farms, based in Humboldt, Saskatchewan, produces roughly 1 million pigs annually and accounts for 40 percent of Saskatchewan's total hog production. Under receivership, an outside party controls a company until it can restructure its debt or be sold, said Neil Ketilson, general manager of Sask Pork, an industry group run by hog farmers.

Yellow Media Inc. can continue its transformation into a digital company now that a majority of debtholders and shareholders have approved a controversial plan to reduce its $1.8-billion debt, the directories publisher said Thursday, The Globe and Mail reported on a Canadian Press story. The Montreal company said it will put the debt restructuring plan in place by the end of this month, but added it’s still subject to a number of conditions, including final approval by the Quebec Superior Court.

Belize’s creditors are betting the Central American country will improve its bond restructuring offer in order to maintain access to global debt markets. The government says it doesn’t need them, Bloomberg Businessweek reported. Belize’s $1.4 billion economy, which expanded 2 percent in 2011, can go without more borrowing on international credit markets, Prime Minister Dean Barrow said in an Aug. 22 press conference. The country didn’t sell global bonds before 1998 and hasn’t returned to them since a 2007 restructuring. Barrow’s government, which missed a $23 million coupon payment on Aug.

Homburg Invest Inc. shareholders may not get a dime following the restructuring of the troubled Halifax-based real estate company, according to new documents, The Chronicle Herald reported. Last October, the debt-plagued company went to court to obtain protection under the Companies’ Creditors Arrangement Act, while Deloitte, the court-appointed monitor, restructured its affairs. The company’s management discussion and analysis sheds some light on what a restructuring means to Homburg and its investors.

China Medical Technologies Inc., a maker of diagnostic products, filed for Chapter 15 foreign-firm bankruptcy protection in New York, listing as much as $500 million in assets and debts, Bloomberg Businessweek reported. China Medical, which makes products to monitor various diseases including cancer, also listed foreign bankruptcy proceedings pending in the Cayman Islands, according to a petition posted in U.S. Bankruptcy Court in Manhattan. Chapter 15 helps shield overseas companies from U.S. lawsuits and creditor claims while a company continues the process abroad.

Yellow Media Inc.’s decision to sweeten its proposed debt restructuring by offering more to holders of convertible debentures has done little to pacify the incensed group, putting the media company in a bind just days before its plan goes to a vote, The Globe and Mail reported. On Tuesday, the media company struck a much more conciliatory tone that its language in recent weeks and offered convert holders, who own bonds that can convert to common shares, better terms as part of the restructuring.