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As time was running out on GST Telecommunications Inc., its interim chief executive officer made it clear during an interview that GST's huge debt-load could force it to seek the protection of bankruptcy court.
"I don't necessarily consider Chapter 11 bankruptcy as the worst thing that could happen to GST," said Tom Malone, who inherited the CEO job less than three months ago.
The day before the May 11 interview, GST disclosed what savvy insiders have known for a long time: GST's huge, $1.2 billion debt was threatening to crush the company.
"That's an awfully big load to carry," Malone said of the debt. But there is reason for hope, he added.
"A plethora of different …