The week in bankruptcy I.

iHeartMedia is delaying what to most seems to be the inevitable with the new filing with the Securities and Exchange Commission, writing, “iHeartMedia and the Consenting Lenders extend the term of the Forbearance Agreement to the earliest to occur of March 12, 2018 at 11:59 PM [Central] and an event of default under the Credit Agreement, other than those that resulted in the entry into the Forbearance Agreement.” Translation: the company has bought an additional few days to come to terms with its creditors.