GT Advanced, which earlier had a deal with Apple to supply sapphire for displays, will sell the furnaces in its factory to repay Apple.
Apple, which partnered with GT Advanced on sapphire goods, says it will continue to work with state and local officials as it considers its next steps.
GT's filing, which sends company's stock tumbling about 90 percent, surprises the market and suggests a breakdown in its relationship with Apple.
Despite reluctance from three major carriers, creditors have agreed to extend Pantech's deadline for debt repayment by two years, keeping the South Korean company alive for the time being.
The third largest phone maker in Korea continues to post losses while still owing debt to various entities, including Korea's three carriers.
The defeated Bitcoin exchange, which claims to have lost nearly $400 million to hackers, is ordered to hand over any remaining bitcoins to US and Canadian customers.
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Mt. Gox attorneys say in a court filing that Mark Karpeles is unwilling to travel to the US to address questions regarding the exchange's closure.
The troubled Bitcoin exchange, which claims to have lost nearly $500 million in the crypto-currency to theft, wins a brief reprieve from a pair of US lawsuits.
The Bitcoin exchange has already filed for bankruptcy on its home turf of Japan. Meanwhile, hackers deface the blog of Mt. Gox's CEO, alleging fraud.