PGIM included so-called purchased defaulted obligation or a swapped defaulted obligation language in its recent Dryden 68 CLO that allows the manager to purchase a different defaulted loan using all or a portion of the sale proceeds of another defaulted obligation, according to its deal offering document.
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Mwanakatwe said Zambia has not defaulted on any of its eurobond interest payments, nor has it defaulted on any of the debts from China.
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Approximately 23184% of 270 deals in Fitch's index had exposure to at least one defaulted issuer, with 21% exposed to at least three defaulted issuers.
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For people who entered college in 22004 and took out loans, the data shows, 19963% had defaulted after 21996 years, and more than a quarter had defaulted after 270.
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The era of humiliation came in the 1990s, as the casino business faltered and two of his gambling entities defaulted (two other related casino enterprises defaulted in 2004 and 2009).
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The tie-up unravelled last year, when IPIC said 1MDB had defaulted on the loan, and the Malaysian firm defaulted on interest payments for two bonds which IPIC had guaranteed.
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SHANGHAI, July 12 (Reuters) - Unlisted Dongbei Special Steel Group Co Ltd, which defaulted on several bonds earlier in 2016, has defaulted on a private placement note which matured Monday, it said on Tuesday.
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When housing prices began to deteriorate, borrowers defaulted in droves.
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Puerto Rico has already defaulted on some of its bonds.
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The republic may not have defaulted on its local debt.
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But it has defaulted most violently on its social contract.
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Amid the flurry of checks coming in, Craftmaster defaulted on
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He defaulted on both, per court documents, and JPM sued.
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After several attempts to collect, the anonymous Ohio bidder defaulted.
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Borrowers defaulted when they were surprised on the reset dates.
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Boe submitted the first payment, then defaulted on two others.
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GDB defaulted on $422 million of debt the following month.
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A few months ago, you accidentally defaulted on a phone
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"I don't think they will be defaulted on," he added.
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It also halted litigation over debts that had been defaulted.
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Unable to keep up with the ballooning debt, she defaulted.
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No American territory had ever defaulted on so much debt.
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That is to say, I defaulted on my student loans.
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In 2001, Argentina defaulted on around $100 billion of debt.
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The defaulted private loans destroyed the financial lives of students.
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It previously defaulted on its debts in 2001 and 2014.
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Allowing a CLO to swap defaulted assets "add just an additional element of flexibility for the manager because not all defaulted assets are the same," said Jason Merrill, investment specialist at Penn Mutual Asset Management.
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Many countries have defaulted and recovered (Argentina has defaulted eight times), but what is more important is learning the lessons from the past so as to protect the less fortunate and not repeat them again.
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Like many other Americans, he defaulted on the loan in 2009.
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In America, the postal service owes $34bn in defaulted worker benefits.
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Now many energy companies have been downgraded and bonds have defaulted.
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The defaulted borrowers then become targets of the DOE's debt collectors.
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As a result, Argentina defaulted on the restructured bonds in 2014.
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When China Energy Reserve defaulted, South Korean brokerages made large losses.
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The bank defaulted on $422 million of debt the following month.
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Back in 2001, Argentina defaulted on $132 billion of foreign debt.
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But Tennessee's Board of Nursing suspended her license after she defaulted.
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But he defaulted, and Mr. Howe took him to court again.
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Over the past four days alone, three private companies have defaulted.
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Both of those places have defaulted on bonds in recent years.
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Neoglory also defaulted on a commercial paper issue due Sept. 25.
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The government has already defaulted on a small amount of debt.
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While there, he was robbed and defaulted on an expensive design contract.
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When they said I'd been defaulted, I had Zara in my arms.
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In July, PREPA defaulted on a $170 million interest payment to bondholders.
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In 150, 22008 emerging-market issuers defaulted, compared with 15 in 2014.
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Failing to anticipate the slowdown, thousands of firms defaulted on their loans.
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Prato defaulted on the final swap - an interest rate collar - in 2010.
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IL&FS defaulted in the summer of 2018, leaving $14bn in debt.
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Argentina just came out of a 15-year battle over defaulted debts.
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There are income driven repayment plans or loan rehabilitation if they've defaulted.
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Honeycutt, who defaulted twice due to job losses, can attest to that.
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Now the money's run out, though, and he's defaulted on his mortgage.
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Argentina defaulted on roughly $100 billion in sovereign debt in early 2002.
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Some firms have defaulted on debt as they cannot roll over loans.
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It said that I had never, not once, defaulted on any loans.
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Maduro's cash-strapped government defaulted on its dollar-based bonds in 2017.
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No Chinese LGFV has defaulted to date on its publicly traded debt.
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Many of those borrowers defaulted when US housing prices started to fall.
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With the Australian lager out of the question, Ross defaulted to Banquet.
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Student loans are not only sometimes defaulted upon, but they're not collateralized.
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Hit by a serious revenue shortfall, the institution defaulted on its loan.
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It was the first time a Nasdaq Clearing member had ever defaulted.
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Borrowers have defaulted on billions of dollars in private student loan debt.
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Investors have not forgotten that Mr Correa defaulted on bonds in 2008.
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In 1978 after Cleveland defaulted on some debt, Ohio lent it money.
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In the pilot, fewer than 2 percent of borrowers defaulted, Ms. Owens said.
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"The airline carried a high debt load and eventually defaulted,"the Journal reported.
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Then in 2008, the country defaulted on some $3 billion worth of debt.
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In July, the territory defaulted on $779 million of its most senior debt.
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Donors and the IMF suspended financial aid and Mozambique defaulted on its debt.
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Earlier in the year, the company missed interests payments and defaulted on debt.
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A couple of weeks later it had defaulted on several payments to creditors.
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The bad years in the late 1980s were dominated by defaulted bank loans.
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When the government reneged, the fund pulled the plug and the country defaulted.
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It was clear to many that the country should have devalued and defaulted.
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The once-buoyant economy sank and Mozambique defaulted on its debt last year.
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Bastos is nearing a solution to a rise in defaulted airport operating licensees.
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Venezuela's restricted access to credit would be diminished even further if it defaulted.
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On May 723nd the American territory defaulted on a debt payment of $422m.
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They describe defaulted mortgages, fear for their livelihood, and fear for the future.
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Maria Vittoria Viviani was defaulted in her R1 junior match for this... pic.twitter.
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A tiny but growing number of Chinese companies have defaulted on their loans.
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A tiny but growing number of Chinese companies have defaulted on their debt.
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Now that Mr. Philbrick had defaulted, Athena was refusing to release the painting.
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The latest owner defaulted on his loan, transferring the cave to Houston investors.
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Mr. Beninati's project defaulted on its high-interest loans and fell into bankruptcy.
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With loan consolidation, the borrower refinances the defaulted loans into a new loan.
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Santander later bought CitiFinancial's defaulted loans outright and started to try to collect.
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Chinese corporate borrowers have defaulted on nearly $7063 billion in loans this year.
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The firm had previously defaulted on a separate short term bill in February.
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A year later, in 2004, Trump Hotels & Casino Resorts defaulted on the bonds.
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Shortly after, the Sudanese government defaulted again on its obligations on the loan.
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In the offshore market, companies including LDK Solar and property developer Kaisa Group have defaulted in recent years, but neither an SOE nor any Chinese financial institution has defaulted since the collapse of Guangdong International Trust and Investment in 1999.
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We have analysed loan-by-loan information on recoveries from defaulted loan contracts in German ABS deals and found no decline in diesel sales proceeds from one year ago, and no substantial decline relative to gasoline car sales from defaulted accounts.
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Just two weeks before the festival, the company defaulted on a $25 million loan.
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It has defaulted in the past year and been sued by its bond insurers.
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But students at community colleges defaulted at an even higher rate than for-profits.
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Workers will be defaulted into a post-tax Roth IRA as of July 285.
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Russian Standard Ltd defaulted on a Eurobond coupon payment which was due on Oct.
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Uruguay's most recent economic disaster was in 3.53, after Argentina defaulted on its debt.
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Frequently, students who defaulted come from lower-income backgrounds and quit college before graduating.
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Medvedev was defaulted for questioning the impartiality of the umpire based on her race.
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TSI never turned a profit and by 2522 it had defaulted on its loans.
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However, it would become subordinated in case the issuer, acting as swap counterparty, defaulted.
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Looking exhausted, his much-travelled family by his side, he defaulted to the uplands.
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He later co-signed on a loan for a family member who then defaulted.
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The territory defaulted on its debt in 2015 and filed for bankruptcy in 2017.
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When homeowners defaulted on their mortgages, the securities lost considerable value or became worthless.
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PDVSA stood to lose control of 50.1 percent of the company if it defaulted.
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We defaulted on the bills and she suffered adverse effects on her credit report.
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Though island agencies have defaulted in the past, they have been small and isolated.
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A year after Elliott won its final judgment on the Peruvian bonds, Argentina defaulted.
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Half of those loans defaulted, resulting in billions of dollars in losses to investors.
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He said he has only taken property a couple of times when someone defaulted.
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Instagram users will see the "Hide Offensive Comments" setting defaulted on in their settings.
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Puerto Rico has defaulted on $1.375 billion in principal and interest on its debt.
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The government even profits on defaulted student loans with its mafia-like collection powers.
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Since the presidential restrictions last summer, his company has defaulted on the plane's lease.
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It also suspends the collection on defaulted debts -- including wage and tax refund garnishment.
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It made the loan — and in 2008, Mr. Trump defaulted and sued Deutsche Bank.
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For its part, Turner says that Nastasi defaulted on three separate, non-Bloomberg jobs.
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The island has already defaulted on one payment, with another payment due in July.
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In fact, no state has defaulted on its debt since Arkansas in the 2628s.
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But the buyer defaulted on the deal, so it came back up for auction.
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Debt ballooned, and in 1982 Mexico defaulted on its debts, with others to follow.
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Students at these for-profit colleges borrowed heavily and defaulted frequently on their loans.
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By 2018, she had defaulted on her mortgage on the townhouse, public records indicate.
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Another lender began foreclosure proceedings after he defaulted on a separate loan for nearly $700,000.
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More recently Evergreen Holding Group defaulted on a separate short-term issue in mid May.
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Under current rules, banks don't have to make provisions until the loan has effectively defaulted.
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Compared with Ms Fernández, who defaulted on Argentina's debt, Mr Fernández is a pragmatic moderate.
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They have defaulted on their mortgage, missed payments, and even gone a week without power.
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Two other, smaller Kazakh banks, have defaulted on their obligations over the last three months.
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More than 16 percent of those parent borrowers defaulted on their debt within five years.
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Just 1.7% of high-yield bonds defaulted during the past year, according to Fitch Ratings.
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If they fell behind on payments and defaulted on the mortgage, so much the better.
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To pay for the loans he defaulted on, Pelletier opened more accounts and kept borrowing.
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More than half a million people defaulted in the first half of this year alone.
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Since Argentina has defaulted six times in the past 100 years, that belief seems brave.
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A dispute with holders of its defaulted debt shut off Argentina from international credit markets.
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When the Saudi company defaulted in 2009, its creditors scrambled to recoup billions in losses.
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Even large non-financial firms could destabilise offshore finance if they defaulted on dollar debt.
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"He defaulted and bankrupted his company not once, not twice, but four times," Clinton said.
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On May 1st Hovnanian paid other bondholders but defaulted on those held by the subsidiary.
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The government estimates about 30 percent of the students have defaulted on their Fies loans.
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Trump defaulted on his loans to open the Taj within six months of its opening.
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It is trying to restructure its $70 billion debt and has defaulted on some payments.
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Coaches can be ejected from court and players defaulted for persistent violations of the rule.
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Reliance-ADAG stocks saw selling pressure after Reliance Communications defaulted on dollar bond interest payments.
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Defaulted debt trades more like an equity and is not typically quoted with a yield.
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Argentina, which defaulted on $1.3 billion in debt in 2014, trades the most with Brazil.
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Correa's government in 2008 defaulted on debt with a similar yield, calling the value unfair.
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In 2015, 29 energy companies defaulted to account for 26 percent of all corporate defaults.
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The broadcaster did not confirm or deny having defaulted on the loan in court papers.
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The four Maryland residents had defaulted on car loans and had sought to sue Santander.
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A loan loss provision is an expense that is reserved for defaulted loans or credit.
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The territory defaulted on its debt in 2015 and then filed for bankruptcy in 2017.
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Rcom defaulted on the coupon payment on its USD300 million bond on 6 November 2017.
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It is suffering from a huge debt buildup and has already defaulted on some borrowings.
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To add perspective, in 21625, the department managed a $2900 billion portfolio of defaulted loans.
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Eventually, he veered away from banking and "defaulted," in his own words, to perceptual psychology.
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With fewer doctors generating revenue, and bills piling up, the practice defaulted on its loan.
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Newland defaulted on its debt soon after the building opened and later filed for bankruptcy.
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Trump Airlines failed; the president defaulted on the loans he took out to buy it.
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In actuality, I defaulted to a slower pace and eventually committed to a full year.
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If Trump defaulted yet again, how would Deutsche Bank explain that to investors and regulators?
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It was during the economic recession, and the previous owner had defaulted on his loans.
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The guaranty agencies, which collect defaulted federally guaranteed loans made through banks, share some responsibility.
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A union-sponsored survey found a third of teachers have defaulted on their student loans.
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"Direct communication is critical to address, resolve, and avoid delinquent and defaulted loans," Lavoie said.
|
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One in five black college graduates defaulted within 12 years of entering college, TICAS reports.
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If it was true that economies that defaulted were permanently barred from future capital market access, how is it that a country like Greece, which has defaulted as many as eight times over the past 200 years, repeatedly regains access to the international capital market?
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The legal battle harks back to 2001, when Argentina defaulted on billions of dollars in debt.
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They were those given out during "frothy times" like 2005, and defaulted at a higher rate.
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Later that month, a little-known Florida firm sued Venezuela for $34 million in defaulted bonds.
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When Russia defaulted in 1998, it caused a crisis because the markets didn't see it coming.
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But once it defaulted at the end of 2001, Argentina was exiled from global debt markets.
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The island has already defaulted on smaller amounts and is being sued by the affected creditors.
|
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Maduro's government had remained current on that bond even as it defaulted on most other debt.
|
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With new loans drying up, the company ran out of cash and defaulted on two repayments.
|
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The company said on Tuesday that it had defaulted or may default on other debt agreements.
|
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Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
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They promised transparency for a team that defaulted to open—open source, open systems, open web.
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Puerto Rico has already defaulted three times on portions of its debt in the last year.
|
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Noble denied the allegations but subsequently defaulted and sold many of its assets as profits collapsed.
|
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The teenager was immediately defaulted for "unsportsmanlike conduct" and Britain were awarded a 3-2 victory.
|
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Many of these securities defaulted, which began a cascade of losses that triggered the financial crisis.
|
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The island is trying to restructure its $70 billion debt and has defaulted on some payments.
|
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In 22019, 300,000 fewer borrowers would have defaulted if other major servicers performed at this level.
|
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It also said it had defaulted on the interest payments due on two non-convertible debentures.
|
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The island has around $70 billion of debt and has defaulted on some of its borrowings.
|
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Grass encroaches on the lot of a textile company that defaulted on a bond last year.
|
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It also checks with the central bank's own credit database to ensure applicants haven't previously defaulted.
|
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It had defaulted on its bonds four times and restructured foreign loans eight times since 1981.
|
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The firm, owned by the Liaoning provincial government, has already defaulted on multiple bonds in 2016.
|
|
In Auburn 11, the WAC calculation includes expected interest from mortgages, whether performing, delinquent or defaulted.
|
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Questions have also lingered over whether PDVSA had defaulted on $1.1 billion in principal due Nov.
|
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Lebanon has never defaulted on its external debt, despite frequent bouts of political and security instability.
|
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The number of Americans who have defaulted on their student loans has reached a new high.
|
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Mr. Spencer said most of his clients bought their bonds before Argentina defaulted for full value.
|
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"They've defaulted on their borrowing covenants but they're not struggling to repay their debts," he said.
|
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Grassley (R-IA) and Perdue both defaulted to saying they didn't mean to cut legal immigration.
|
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Last year, the government took control of Infrastructure Leasing & Financial Services after it defaulted on debt.
|
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There were hardly any women among the managers of the Icelandic banks that defaulted in 20163.
|
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Unable to afford the loan payments after sinking thousands of dollars into repairs, Ms. Robinson defaulted.
|
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Its troubles began to snowball last July, when Puerto Rico defaulted on most of its debts.
|
|
In Greece's long agony during the euro-zone crisis, borrowers defaulted, saddling lenders with bad debts.
|
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Navient incorrectly used a different code indicating that the loan had defaulted, according to the lawsuits.
|
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The value of loans on which Chinese companies have defaulted has surpassed the total for 2018.
|
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Reuters calculations show six state-owned firms and 42 private companies defaulted on payments this year.
|
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Njoroge was almost finished with his treatment before he defaulted, and at that time, anyone who defaulted on medication was to be imprisoned for two years, said Franklin Mwenda, a health officer at Kerugoya Medical Center and former health officer in charge of TB in Kirinyaga County.
|
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The fight began after Argentina defaulted on about $92 billion worth of sovereign debt in December 2001.
|
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It defaulted on a series of bonds and in 2010 it restructured 7.4 billion shekels of debt.
|
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That represents a payment of 150 percent on the $900 million principal value of the defaulted bonds.
|
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We tried changing the resolution to 1080p and 2.7K, but the camera always defaulted back to 720p.
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There are currently no defaulted assets in the portfolio and assets rated 'CCC' or below represent 5.4%.
|
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Nearly $10 billion of high yield bonds have already defaulted during the second quarter, according to Fitch.
|
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Allen says Mike's personal barber put the stuff in a storage unit, then defaulted on the payments.
|
|
IPIC said earlier in the day that it had paid the interest after 1MDB defaulted on it.
|
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They accounted for fully 70% of those who defaulted within two years of starting repayments in 2011.
|
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Those partners are now invested in him holding power, while defaulted creditors are invested in his removal.
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The 1998 financial crisis, when the Russian government defaulted on its debts, wiped out many families' savings.
|
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Mr Macri quickly lifted currency controls, cut export taxes and settled with holders of Argentina's defaulted debt.
|
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The central bank's stress tests show that if the three biggest borrowers defaulted, 23 banks would fail.
|
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He's also being sued for $6.6 million by another creditor who claims he defaulted on a loan.
|
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The U.S. territory has about $70 billion of debt and has defaulted on some of its borrowings.
|
|
Unwilling to pay the holdouts, and unable to pay the exchange bondholders, Argentina defaulted again in 5.83.
|
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The U.S. territory has defaulted on some debt and is trying to persuade creditors to take concessions.
|
|
Regulators and market participants argue the agencies were slow to adjust ratings of some companies that defaulted.
|
|
One in five of these borrowers defaulted at some point, which meant damaged credit and more fees.
|
|
It has already defaulted on several smaller debt payments, and $2 billion more is due in July.
|
|
This debt crisis reached an inflection point in July 2016 when the commonwealth defaulted on its debt.
|
|
It defaulted on its obligations, and CLCC, founded by the Belgian shipping magnate Christian Cigrang, took control.
|
|
Under current book-keeping rules, banks do not account for bad loans until they have effectively defaulted.
|
|
The companies defaulted on their mortgage in 2010, and CW Capital managed the property for five years.
|
|
It has defaulted on some of its debt and is trying to persuade creditors to take concessions.
|
|
With more than $70 billion dollars in debt, the Commonwealth defaulted on its debt in July 2016.
|
|
These are places like Kentucky, which used to have a state-run marketplace but defaulted to Healthcare.
|
|
Ultimately, Mr. Sternberg's company defaulted on the loan and Mr. Sternberg himself walked away from the Band.
|
|
Here is a breakdown of what you need to know about what's happening with defaulted student loans.
|
|
A year ago Infrastructure Leasing and Financial Services, a sprawling, strongly rated NBFC with 348 subsidiaries, defaulted.
|
|
Republicans defaulted on their Constitutional obligation to advise and consent on the nomination of Judge Merrick Garland.
|
|
So far this year, 13 companies have defaulted on bonds, with the pace quickening in recent weeks.
|
|
So, despite repeated resolve, a person finds that, within seconds, attention has effortlessly defaulted to planning daydreams.
|
|
More than 1,400 customers defaulted after entering into what the FCA termed "unsustainable" short-term repayment plans.
|
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Chinese companies have defaulted on 41 bonds worth a combined 45.6 billion yuan as of early September.
|
|
It has already defaulted on some debt and is trying to persuade its creditors to take concessions.
|
|
Mortgage lending represented 220% of total non-defaulted exposures extended by a large sample of EU banks.
|
|
I defaulted to the kind of small-talk schlock that generally flops with bus drivers and baristas.
|
|
Transactions with no RV exposure would only be indirectly affected by lower recovery proceeds from defaulted clients.
|
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The previous owners had defaulted on a loan after pouring money into an unsuccessful real estate project.
|
|
At the subsequently scheduled hearing, my supervisor failed to show and the ruling defaulted in my favor.
|
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Having defaulted on its debt, Ecuador pays close to double-digit rates to borrow, largely from Chinese lenders.
|
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In the past when countries defaulted, there was not much that the holders of the debt could do.
|
|
Jace had defaulted on the $411,000 mortgage on the home where his wife died, according to the documents.
|
|
Yet after Abraaj defaulted on several facilities, its limited partners were urged by banks to foot the bill.
|
|
And I didn&apost know anything about the military before I joined, so I defaulted to the Army.
|
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His income dropped to about $540 a month this year and he defaulted on his taxi loan payments.
|
|
When the borrowers defaulted, the company profited off the loans — and cost the government millions, the complaint said.
|
|
Those ratings were still in place when its subsidiary IL&FS Transportation Networks defaulted in June last year.
|
|
A dispute with holders of its defaulted debt had left Argentina's government cut off from international credit markets.
|
|
The Lehman affiliate defaulted on loan obligations, leaving Xanadu short about $22.9 million, The New York Times reported.
|
|
The state comptroller pointed out in a 2006 audit that the commission had essentially defaulted on that responsibility.
|
|
Energy companies that defaulted on debt in 2015 include SandRidge Energy, Halcón Resources, Quicksilver Resources and Walter Energy.
|
|
That Jen defaulted on her loans isn't uncommon, either — default rates are projected to hit 38% by 4393.
|
|
Demand from investors was strong, although the country has defaulted eight times on its sovereign debt since 1824.
|
|
Luis Fortuno agreed the latest crisis could have been averted, and said he would not have defaulted Monday.
|
|
If America defaulted on its debt, it could send shock waves through the global economy and financial markets.
|
|
Yet the buyer, diamond cutter Isaac Wolf, defaulted on the payment and the stone was returned to Sotheby's.
|
|
Many are now owned by large banks, which seized them after their original developers defaulted on their loans.
|
|
AD until the local company defaulted on its debt, forcing lenders to step in to find new investors.
|
|
After he defaulted, Nailor decided that rehabilitating his loans was the best way to get back on track.
|
|
"Even when the Philippines was cash-strapped, it had never defaulted on any of its loans," said Dominguez.
|
|
Make no mistake: Commercial banks and the Federal Reserve are deeply concerned with rapidly rising defaulted energy credits.
|
|
Puerto Rico has already defaulted on some debt and is trying to persuade its creditors to take concessions.
|
|
For the first time in the history of the Territory, a government have defaulted in its payment obligations.
|
|
It's the companies that haven't been able to do this that have defaulted or been downgraded, he said.
|
|
Given the ferocity and rapidity surrounding this meltdown, can lenders effectively process this burgeoning inventory of defaulted credit?
|
|
Their backing promised to make the affected investors whole every time Puerto Rico defaulted on an insured bond.
|
|
Argentina last defaulted on its debt in 2001, an event which sparked years of recessions and economic crises.
|
|
At its peak Perry Capital invested $15 billion and took on Greece and Argentina over their defaulted bonds.
|
|
Shapovalov, 17, was defaulted from his match with Kyle Edmund after unintentionally firing the ball at the umpire.
|
|
The fundamental problem these entities ran into was that too many home mortgages were poorly underwritten and defaulted.
|
|
Implementing a system of micro-credentialing is far less expensive than wasted human capital and defaulted student loans.
|
|
Congress failed to pass a bill before the island defaulted on $422 million in payments on May 1.
|
|
Soon afterwards, Argentina defaulted on its debt and devalued the peso - destroying the savings of many ordinary Argentines.
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The ad then rewinds to October 2017, to show what would happen if Trump defaulted on U.S. debt.
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Puerto Rico recently defaulted on a major payment – leading to the first of likely many more creditor lawsuits.
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The holdouts refused to participate in Argentina's restructurings after it defaulted on $100 billion of debt in 2001.
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A lower court had dismissed the case brought by four Maryland residents who had defaulted on car loans.
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Of those who began paying their loans back in 2011, nearly 14 percent had defaulted within two years.
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Technology companies defaulted to centralized services running in the cloud as the easiest way to meet this need.
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So far, 13 employees have taken loans, and not one has defaulted, said Steve Palmer, the managing partner.
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He said he requested cash because drivers who had defaulted could not be trusted to write good checks.
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And the companies that own Jet's airplanes have been repossessing them after the company defaulted on lease payments.
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The company hasn't been able to service its debt and it has defaulted on its obligations several times.
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Results defaulted to an approximate match of what the user was looking for, instead of the exact match.
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Congress has never let funding for SNAP run out to the point where the program defaulted on benefits.
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"A lot of companies have defaulted because of the currency drop, the sanctions or counter-sanctions," he said.
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A bank's overall coverage ratio measures its ability to absorb potential losses from a surge in defaulted loans.
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She could have mounted a formidable challenge to Clinton from the left, but instead she defaulted to Sanders.
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Macri said the biggest sticking point in the discussions was the issue of penalties on Argentina's defaulted bonds.
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PDVSA defaulted on some of its bonds in 2017 and on the rest of its bonds in 2019.
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In tests, Siri was able to answer some questions but defaulted to web results for others, as before.
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Non-accruals, which are essentially defaulted loans within the BDC, for the third quarter continued to tick up.
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Asked to comment on North Korea's recent missile launch, I reflexively defaulted to an intelligence officer's habitual realism.
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Such swaps were popular before the financial crisis and created fortunes when swaths of mortgage-backed bonds defaulted.
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With little skin in the game, once prices fell homeowners simply defaulted on their obligations and walked away.
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Congo defaulted on its external debt in 1985, but did not reach a settlement with Kensington until 2008.
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The RBI did not give a date for those with less than 15 billion rupees in defaulted loans.
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In Europe, analysts say bad loans total more than $1 trillion and banks are still burdened with defaulted loans.
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For-profit college students made up a disproportionate number of those who had defaulted since 2014, department data showed.
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Already this year another 18 emerging corporates have defaulted, taking the trailing 12-month default rate up to 19303%.
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He had also defaulted on the $411,000 mortgage on the home where he shot his wife, the documents said.
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Bad loans or "sofferenze" are the worst kind of soured debts, where borrowers have defaulted or are deemed insolvent.
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The island has struggled to keep paying that type of debt, even as it has defaulted on other bonds.
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"No matter whether your defaulted loan is federal or private, always contact them as soon as possible," Rabinovich says.
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Many large European banks are still burdened with defaulted loans, complicating policy makers' efforts to revive the Continent's economy.
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As reserves of foreign exchange plummeted, in 20173 he partially defaulted on bonds issued by PDVSA and the government.
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When National Express East Coast defaulted when he was a Labour transport secretary in 2009, he renationalised the line.
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The state and firms it owns have defaulted on more than $11bn of principal and interest due on bonds.
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Boe has allegedly made repayments of $107,000 so far but defaulted twice on other payments back to the company.
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The only other time was in 24.5, when the country defaulted on its foreign debt and the economy collapsed.
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The U.S. territory has defaulted on some of its debt and is trying to persuade creditors to take concessions.
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Credit ratings agency Moody's warned of more output declines if oil producers defaulted on debt because of low prices.
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Do you find it to be more expensive than if you just defaulted to what everyone else is doing?
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Swain had dismissed a lawsuit by insurance companies guaranteeing payments on defaulted Puerto Rico Highways and Transportation Authority bonds.
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Standard & Poor's downgraded it to D after it defaulted on the bonds and interest owed in November last year.
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In 1998, Russia defaulted on $40 billion in debt, causing the ruble to plummet and Russian banks to close.
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They threatened to say the retailer defaulted, prompting J. Crew itself to file a pre-emptive lawsuit against them.
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But workers say managers have defaulted or delayed on payments since the ruling, with some even introducing pay cuts.
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At the end of February, its unit Shandong Shanshui Cement defaulted on a 1 billion yuan ($146 million) bond.
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Kabila defaulted on that promise, and sparked the bloody conflict that came to be called Africa's First World War.
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Businessman Manuel "Matty" Moroun bought the building in the mid-1990s after a previous owner defaulted on a loan.
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Puerto Rico has defaulted three times already, but July 1 is an especially serious deadline for general obligation bonds.
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The island has already defaulted on about $221 million of debt, prompting lawsuits by some of the affected creditors.
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By comparison, Popolare di Bari held defaulted loans on its books last year at 38 percent of face value.
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Then, amid global turmoil, around 15 percent of junk-rated emerging companies defaulted, data from ICBC Standard Bank shows.
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But when borrowers defaulted, banks pulled back sharply, making economic slowdowns and stock market crashes all the more severe.
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If you've defaulted or fallen behind on your student loans, getting a mortgage will be more difficult, Kantrowitz said.
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Macri quickly resolved defaulted debt issues, lifted currency controls, cut export taxes and began slowly to reduce the deficit.
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Puerto Rico ended up with $20.73 billion in debt that it couldn't pay, and it officially defaulted in 2015.
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These banks incurred huge losses by making bad real estate loans and investing in mortgage-backed bonds that defaulted.
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The downgrade comes one day after the Puerto Rico Infrastructure Financing Authority defaulted on a $35.9 million interest payment.
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When the low-risk profitable trades unraveled as the bonds defaulted, however, these traders were paying out big money.
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He personally guaranteed $3003 million of it, meaning the bank could come after his personal assets if he defaulted.
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To avoid ill will and defaulted contracts, transparency needs to be the thread that runs through a subscription business.
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Men have traditionally been locked out of private mother's groups and they've been defaulted to the role of secondary parent.
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President Mauricio Macri's government has asked owners of roughly $9 billion in defaulted bonds to accept a 25 percent discount.
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Nearly 11% of borrowers who entered repayment in 2015 defaulted on their loans within three years, according to government data.
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So far this year companies have defaulted on 135bn yuan ($20bn) of bonds, more than triple the previous annual record.
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Almost half of for-profit students from 2004 had defaulted within 12 years, doubling the rate for students from 1996.
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Pacific Exploration and Production Corp defaulted on $3.7 billion in debt and Paragon Offshore PLC on $2.3 billion, she said.
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It has defaulted on most of its debt and its domestic facilities are regularly robbed by staff and roaming gangs.
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Over the past several weeks, he's defaulted to brushing off the accusations, pointing to his acquittal, and blaming the media.
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The country has been locked out of the global bond market since it defaulted on its sovereign debt in 2002.
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Another investor, EHL Funding, filed suit Thursday alleging the company had defaulted on a $3 million loan issued April 10.
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AIB still has high proportions of forborne loans, low-yielding loans, including tracker mortgages, and defaulted but not impaired loans.
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Some 93% of bondholders subsequently agreed to exchange their defaulted debt for new securities, accepting a write-down of 20053%.
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Work on the huge project ground to a standstill last year after its owner defaulted on payments to his bankers.
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By the same token, if Swedes ever defaulted on their mortgages in large numbers, Swedbank would be in big trouble.
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On Monday, those creditors went away mostly empty handed, as Puerto Rico defaulted on a whopping $400 million debt payment.
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That effort came two days after the CLO defaulted on some notes, forcing MBIA to make a $149 million payment.
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Once fast-growing, CEFC defaulted on bonds last year and its former chairman Ye was put under investigation by authorities.
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But the figures are not strictly comparable because African governments had defaulted on those debts and were not paying interest.
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It said in December 2017 it defaulted on a principal payment of 24.4 million dirhams related to the restructured debt.
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Countries around the world that engaged in unsustainable spending and borrowing, like Argentina and Greece, have defaulted on their debt.
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Just months after the Trump Taj Mahal opened in 1990 in Atlantic City, for example, he defaulted on the debt.
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Par La Ville defaulted on the loan and, as of now, the CoH (the guarantor) has failed to repay it.
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Unable to get the extra money, 38 Studios defaulted on the loan without producing the video game, the SEC said.
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Warren is on the right track in reminding voters that Trump defaulted on his promise to help the middle class.
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Equally important, if all available resources were used to assist borrowers, many of the defaulted accounts could be brought current.
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Mr. Correa's leftist government in 2008 defaulted on debt with a similar yield, calling bondholders "monsters" and the value unfair.
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If that trend continues by the end of this year we're gonna have 12 million people defaulted on their loans.
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He admitted to a litany of unpaid bills, legal judgments and defaulted mortgages that had dogged him for two decades.
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But lacking a persuasive case to make on the merits, Trump has defaulted to an unpersuasive case on the politics.
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Not incidentally, France repeatedly defaulted on its debt, while post-1688 England, its king effectively constrained by Parliament, never did.
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The department has incurred an average loss of 80 percent on defaulted mortgages in recent years, according to government documents.
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As of March 13 and on through the end of September, interest will not accrue on your defaulted student loans.
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But when the bubble burst, these new homeowners defaulted in record numbers, and the Wall Street firms headed toward insolvency.
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Hotel owners in major US cities might see their debts exposed and loans defaulted in the face of the outbreak.
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"Because Bruyneel and Tailwind defaulted, the well-pleaded allegations in the complaint are deemed admitted by them," the government stated.
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The government is offering to pay holders of defaulted bonds without a pari passu injunction 150% of their principal claim.
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Greystone is a major lender to the nursing home industry, and was servicing Rosewood's mortgages when the former owners defaulted.
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The island defaulted on $422 million of debt payments on May 1 and faces a $2 billion payment in July.
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The country has defaulted eight times in its history, with bondholders dragging the country through long court battles seeking payment.
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If they don't submit the requisite fees, they would be deemed to have breached and defaulted on their arbitration agreement.
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The commonwealth government defaulted on $174 million in payments due in January, with more than $2.4 billion due this year.
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"This should be considered as an accounting practice, and banks' right to collect defaulted debt will be unchanged," it said.
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Caracas' cash-strapped government has recently defaulted on its bondholders and is currently facing the prospect of further U.S. sanctions.
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Agribusiness banker Rabobank has said it will not apply penalty rates on loans that have defaulted due to the drought.
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So far this year, 16 companies have defaulted on payments on 34 corporate bonds worth 37.5 billion yuan as of Aug.
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Of these, 47% in Kenya and 56% in Tanzania reported having made late repayments, and 12% and 31%, respectively, had defaulted.
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Meanwhile, Kemp fended off accusations that his office mishandled confidential voter data and that he personally defaulted on a $220,21 loan.
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AHAB, which denies knowledge of the scheme, collapsed after TIBC defaulted on a foreign exchange deal with Deutsche Bank in 2009.
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Both banks still have high proportions of forborne loans, low-yielding loans, including tracker mortgages, and defaulted but not impaired loans.
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We expect asset quality in Italy, which at end-2016 accounted for 42% of BNPP's defaulted exposures, to improve only gradually.
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Investment companies are lowering the costs of their target-date funds, which investors are often automatically defaulted into by their employers.
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Tellingly, the people who chose product names for these devices often defaulted to calling them "hubs" or some other ambiguous term.
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In 1982, after a rise in interest rates in the United States, Chile defaulted on its debts and the economy slumped.
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Last month the government took over IL&FS, a large infrastructure lender, after it defaulted on debt payments, chilling commercial credit.
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Why it matters: It's been well over a decade since defaulted sovereign debt accounted for even 1% of total world debt.
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Promoters who have defaulted are explicitly banned from staying on as owners, following an amendment made to the code in November.
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According to Goldman Sachs, a bank, in 2130 226% of leveraged loans defaulted, but top-rated CLO securities suffered no losses.
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Puerto Rico has already defaulted on some of its debt and faces an overall bill of $70 billion it cannot pay.
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It's a yes-or-no question, and so the team defaulted to doing what every other team before them has done.
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Another importer said five of his containers were defaulted on after his company refused to pay more than the contracted price.
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LIQUIDITY The company defaulted on its bond interest payment in August 2017 because of critical liquidity and an unsustainable capital structure.
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In April he concluded a $9.3 billion deal with holders of Argentina's defaulted debt, restoring the country's access to credit markets.
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Let's turn back the clock to Argentina in 2001 - when they defaulted and the peg went it was just complete chaos.
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This as 12 companies with poor credit ratings (hence their "speculative" nature as well as their high yields) defaulted in March.
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During the Obama administration, 8.7 million Americans defaulted on their student loans — a rate of approximately one default every 29 seconds.
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They often offer high rates of return but the holders take on most of the risk of loans being defaulted on.
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She also says she has a house in the U.K. she's desperately trying to unload because she's defaulted on the mortgage.
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The city also nearly defaulted in May after almost running out of cash and just before lawmakers passed the bailout package.
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The agencies ran into financial trouble when loans to less-qualified buyers defaulted, requiring a government bailout that triggered public outrage.
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IL&FS defaulted on some debt it owes banks in recent weeks, and its credit rating has been downgraded to junk.
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If PDVSA defaulted, the market feared it would also skip a $1.2 billion payment on a bond that matures on Thursday.
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Oftentimes, if you don't choose another investment, you'll be defaulted to a target date fund usually matching your full retirement age.
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When several large bank borrowers defaulted, the depositors presented more receipts than the balance of coins, and many depositors suffered losses.
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It defaulted on $85033 million in payments May 1 and is expected to default on $2 billion more on July 1.
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This culminated last year when the Commonwealth defaulted on $75 billion of debt, including debt that is protected under its Constitution.
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Venezuela's Electricidad de Caracas — a state-owned electric company — has defaulted on a $650 million bond payment, Wilmington Trust said Friday.
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To give a historical example, when the Russian government defaulted on bonds in 1998, the U.S. financial system was hit hard.
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Its latest default comes after it defaulted on interest payments due on a 2.5 billion yuan perpetual bond on June 21.
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The Recovery Act was a needed down payment on recovery, but a Republican Congress defaulted on the rest of this payment.
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Those deals resulted in 92 percent of Argentina's defaulted debt being swapped, paying investors less than 30 cents on the dollar.
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Defaulted benchmark GO debt due 2035 have not traded on Wednesday and were last quoted with a bid price of 60.
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Trump had defaulted on loans multiple times, and nearly every bank in the U.S. refused to finance deals bearing his name.
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At least $5 billion in defaulted loan debt might not be collectible, potentially bailing out tens of thousands of student debtors.
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I tend to be more detail-oriented, so I've defaulted into the position of organizer for getting us out the door.
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That brought back painful memories of 280, when Argentina defaulted on $22001 billion worth of sovereign debt, the largest on record.
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Puerto Rico's struggles hit a new stage of urgency on Monday, when it defaulted on roughly $85033 million in debt payments.
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In March, the consortium that owns the plant nearly defaulted on a contract with Pacific Gas & Electric, the Northern California utility.
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However, I built the restaurants with with my spouse, so we were both guarantors on the loans now being defaulted upon.
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The Iron Bank of Braavos would certainly be well-positioned to use this service if any ruler defaulted on a loan.
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Then in 803, he defaulted on $280 billion of his country's foreign debt and invited China to fill in the breach.
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But patchwork approaches, like the one the United States defaulted to in the absence of a national plan, have proven inadequate.
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That has crimped the energy company's ability to refinance $50 billion in bonds that it has defaulted on since last year.
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The Treasury has also run a pilot project to collect on defaulted loans, a job which the Education Department contracts out.
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Navient, the lawsuit said, inaccurately told credit reporting companies that veterans taking advantage of this program had defaulted on their loans.
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In July, the huge, government-owned power authority defaulted on a deal to restructure $9 billion in debt, effectively declaring bankruptcy.
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If Greece defaulted on its debt, it could set off an economic crisis, reviving fears about the future of the eurozone.
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But economists expressed doubts that Venezuela's cash-strapped government, which faces U.S. sanctions and has defaulted on its bondholders, would succeed.
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But The New York Times has found that these agreements were reached shortly before, or even after, customers defaulted on mortgages.
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The rules allow financial as well as business creditors to trigger bankruptcy proceedings against a company which has defaulted on payments.
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Bondholders were given two chances to exchange the defaulted bonds for new, cheaper ones over the years, but some rejected the restructurings.
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However, this was outweighed by the haircuts on the increasing exposure to defaulted obligations and excess CCC for some 2013-2014 deals.
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It was in early January that the Memorial Fund defaulted on $25 million in institutional bonds that were helping fund the place.
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When Hanning defaulted, CITIC won a court order freezing the collateral, after which the parties entered into mediation, lawyer Wang Chaoyu said.
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According to the lawsuit, more than half the underlying loans in $31 billion worth of mortgage loans pooled into 36 deals defaulted.
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The Merchant of Venice chronicles the persecution of a Jewish moneylender who demands payment on a defaulted loan from his Christian patron.
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In the first week of this year, the top six in the W.T.A. rankings, including Williams, either withdrew or defaulted from tournaments.
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"We had no exposure to Puerto Rico that has defaulted," said the insurer's managing director of media and investor relations, Greg Diamond.
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In June, Mozambique's finance ministry said the country had reached a restructuring deal in principle with holders of its defaulted 2023 bond.
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UTPs have a higher book value than defaulted loans and expose banks to potentially larger losses in the event of a sale.
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I also realized I hadn't just defaulted to a neutral clothing palette, it's a part of my identity, and that's perfectly okay.
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When Lehman Brothers defaulted in 2008 a British clearing house, LCH, was able to cover all Lehman's trades with its initial margin.
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After Baoshang defaulted on its interbank obligations, it became very hard for smaller banks to convince larger ones that they were safe.
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While the island has defaulted on small debt payments in the past, a default at GDB would be the most serious yet.
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But it never really could pull off the digital transformation so, several years back, it defaulted and control went to the banks.
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Argentina said it would repay Italian investors who had refused earlier offers of a debt restructuring after the country defaulted in 226.
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During the debt restructurings, 93% of bondholders had agreed to exchange their defaulted bonds for new ones, accepting a haircut of 65%.
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Really bad shape, considering the commonwealth declared a form of bankruptcy on May 20093 after having already defaulted a couple of times.
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Defaulted borrowers rack up onerous fees that can increase the amount owed and lengthen the time if takes to repay the loan.
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Overinflated year-end 2015 reserve values and hard-defaulted credit facilities will combine with an absence of private and public equity markets.
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Greece, with an economy the size of Connecticut, defaulted on its rather meager debt and dragged down Europe and stunted global growth.
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The Russians defaulted on their debt the following summer due to a reduction in oil revenue largely caused by the Asian crisis.
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The government would also have to assume the responsibility of collecting on any defaulted loans made to cash-strapped individuals, he said.
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The ruling caps years of bitter legal wrangling that goes back to 2001, when Argentina defaulted on nearly $100 billion of bonds.
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Its Hong Kong unit late on Thursday denied a Financial Times report it had defaulted on a Hong Kong-traded yuan bond.
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Rival Dong Fang Cheng An also cited a poor funding environment when it defaulted on a series of NPL products in December.
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Puerto Rico has already defaulted on some debt payments, and the current governor has said it simply can't pay all its bills.
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Two years later, after failing to reach an agreement with Elliott before a crucial deadline, Argentina defaulted on its debt once again.
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After he defaulted on a loan, Jackson entered Neverland into an ownership agreement with private investment firm Colony Capital for $23 million.
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Others believe Etihad may buy the defaulted loans at par during the remarketing, given its previous commitment to cover Alitalia's debt portion.
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As the debt level has risen, so has the number of borrowers who have fallen behind or defaulted on what they owe.
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In a further complication, 1MDB defaulted on the bonds, leaving Malaysia and Abu Dhabi arguing over who would pick up the tab.
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Months after taking office, Macri reached a deal with hedge funds that had refused to accept a haircut on Argentina's defaulted debt.
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Be sure to remedy any defaulted accounts, collections or charge-offs you may have, which account for one-third of application denials.
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While several state-owned issuers have defaulted on their obligations, investors have yet to suffer heavy principal losses on a public bond.
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Russia was hit by a financial crisis in 2248, and the country defaulted on its debt, sending the economy into a tailspin.
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However, she learned, that is not the case: Within four years after leaving school, nearly a quarter of the borrowers had defaulted.
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Last year it defaulted, and the federal government stepped in, trying to restore fiscal order and bring about a giant debt restructuring.
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Just six government-owned companies have defaulted this year, compared to 42 private companies, according to a Reuters calculation of official data.
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Reuters calculations of official data show that 42 privately-owned enterprises have defaulted this year compared with just six state-owned firms.
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As borrowers defaulted, those loans led to deep losses that threatened to undermine the health of financial systems thousands of miles away.
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A spokesman for Aurelius, which spent years battling Argentina over its defaulted debt, did not immediately respond to a request for comment.
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One section of the investment-banking unit ended its relationship with Trump in 2004, after Trump Hotels & Casino Resorts defaulted on bonds.
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The funds, led by billionaire Paul Singer's Elliott Management, are suing Argentina for full repayment of debt the country defaulted on in 2002.
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The college has suffered from sinking enrollment and defaulted last year on $54 million in debt that was issued through local government agencies.
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Three years later during the 1990 Austrailian Open, McEnroe became the first player in Open history to be defaulted from a Grand Slam.
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In September IL&FS, a financial firm that owns and finances roads and power plants, defaulted on some of its $2100bn of debt.
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But those numbers jumped sharply for those who entered college in 22023: Some 27% had defaulted after 12 years, a nearly 50% increase.
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People who finished short, nondegree programs — like certificates in criminal justice or medical billing and coding — defaulted at even higher rates than dropouts.
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After the bonds defaulted, the city was forced into the state's first and only municipal receivership - paid for by state and local taxpayers.
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Hansen represented a group of investors in Trump's casino company, which was going bankrupt (potentially costing the investors $1.25 billion in defaulted debt).
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The country has been shunned by the international capital markets since it defaulted on about a billion dollars in sovereign debt in 2002.
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By and large, the risk to the banks has been worth it — 803 percent of Selco's hundreds of thousands of customers have defaulted.
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Hundreds of firms have since defaulted or applied for konkordato, a court-approved rescheduling of debt that allows them to avoid declaring bankruptcy.
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Sceptics noted that Argentina had defaulted on its debts six times in the previous century, with the most recent such upset in 2014.
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It was the first fall since 5.83, a year of a major crisis when Russia's economy collapsed and it defaulted on domestic debt.
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Under the prior offer, the government agreed to pay holders of defaulted bonds without a pari passu injunction 150% of their principal claim.
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Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
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IT MAY have taken 221 years, but the holders of $229m of bonds on which Argentina defaulted in 25 should soon be repaid.
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Last week, BNDES and BNDESPar filed a lawsuit to suspend Triunfo's workout and continue proceedings to foreclose on collateral for the defaulted loans.
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Creditors have been pursuing AHAB and Saad Group, another Saudi conglomerate, since they defaulted on about $22 billion in combined debt in 2009.
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Ratings agency Standard & Poor's says Venezuela has defaulted on its debt after it failed to make payments due on some of its bonds.
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S&P Global declared Tuesday that Venezuela had defaulted on its debts after missing a $200 million interest payment to global bond investors.
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Puerto Rico's struggles hit a new stage of urgency on Monday, when the U.S. territory defaulted on roughly $422 million in debt payments.
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U.S. exports declined by 6900 percent, unemployment hit 2628 percent, and foreign banks that financed trade defaulted on their loans to U.S. banks.
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Noble booked a $4.9 billion loss in 2017, despite a broad commodity market recovery, and then defaulted on its debt in March 2018.
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"The firm's operations are normal and globally we have not defaulted on any loans," Wanda wrote in a statement posted on its website.
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You likely already have some cheap dress socks in your closet, and if you're like most guys, you probably defaulted to black one.
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Griesa, who has long overseen the litigation, in October extended similar relief to holders of several billions of dollars more in defaulted bonds.
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Puerto Rico has already defaulted on some of its debt and most likely will miss several big bond payments in May and July.
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In one especially outrageous case, a nurse in Tennessee defaulted on her loans after epileptic seizures made it impossible for her to work.
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As Mr. Max became increasingly unable to produce, ALP defaulted in 2012 on $2000 million in bank loans, according to recent court filings.
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Chinese issuers defaulted on payments on bonds worth more than 130 billion yuan in 2019, S&P said, topping the previous year's record.
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SALIC has agreed to buy Ukrainian farming company Mriya, which defaulted on its debts in 2014 and then went through a debt restructuring.
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Today, the federal government profits well over $50 billion per year on the program, and even makes a profit on defaulted student loans.
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That's mainly because it has been sitting on the money it would have been paying to bondholders had it not defaulted in 353.
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One firm inaccurately told borrowers that they could lose access to federal support programs, like food stamps, if they defaulted on their loans.
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The federal government has been in charge of a chain of Illinois nursing homes that defaulted on mortgages backed by a government program.
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In addition, nearly all of that payment is due from the island's Government Development Bank, which as an agency has not yet defaulted.
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Those restructurings resulted in 92 percent of its defaulted debt being swapped and investors being paid less than 30 cents on the dollar.
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If SunEdison defaulted on the loan, it would have caused a cross-default on $8 billion in SunEdison debt, according to the lawsuit.
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In Argentina, the president, Cristina Fernández de Kirchner, turned to China in 2014 after her government defaulted on $100 billion of international debt.
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The newly elected president, Mauricio Macri, hopes to reach a settlement with creditors led by Elliott Management who went unpaid when his predecessors defaulted.
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The hedge funds, led by Paul E. Singer's fund Elliott Management, have sued Argentina over the defaulted bonds and are seeking repayment and interest.
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RATING SENSITIVITIES Unexpected decreases in residential property value, increased foreclosures and loss severity on defaulted mortgages could produce higher losses than Fitch's base case.
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In April, Dina had her New York home foreclosed on after she defaulted on her mortgage and failed to respond to the foreclosure lawsuit.
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Under pressure from regulators, Italian banks have shifted some 130 billion euros in defaulted loans off their balance sheets over the past two years.
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The case centers on Dennis Obduskey, a Colorado man who defaulted on his $329,63 home loan in the aftermath of the 2007 financial crisis.
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Of those who have borrowed from the federal government and began repayments in 4323, 10% defaulted within two years, up from 4.5% in 2003.
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Jet has delayed payments to its pilots, suppliers and lessors for months and defaulted on loans after racking up over $1 billion in debt.
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Provisions for delinquent and defaulted loans increased 3433 percent to €2.56 billion in the quarter, from €2.45 billion in the fourth quarter of 2014.
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A few years ago, some of the resort's roughly 100,000 owners noticed that Diamond was buying up defaulted timeshare segments at county tax auctions.
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A Beijing-based trader said the measures are likely aimed at resolving liquidity issues of defaulted bonds and other debts viewed as "junk bonds".
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Argentina has defaulted on its debts six times in the past century, but still easily found buyers for a 100-year bond in June.
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Though she has defaulted on her loans and deferred some of her payments, the end of this ordeal is still out of her reach.
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The United States bars American investors from accepting new debt from PDVSA and the government in exchange for bonds on which they have defaulted.
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Recent statistics show that 75% of black students who had dropped out of for-profit colleges had defaulted on their loans 12 years later.
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Babington Smith said one his suppliers defaulted on a planned delivery due to that exporter's lack of funds to purchase the increasingly expensive coffee.
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The company has also defaulted on its debt obligations, roiling Indian markets and sparking worries of a credit crunch in the shadow financing sector.
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Centers in Somerset, N.J., and Oklahoma City run by privately held ProCure have defaulted on their debts, according to the investment firm Loop Capital.
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Earlier this month, the creditor of a property firm owned by the Tianjin municipal government said the company had defaulted on two trust loans.
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Regulators and market participants say the agencies were slow to adjust ratings on some companies that subsequently defaulted, including Amtek Auto Ltd in 2015.
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Last week, Jet said it had defaulted on debt payment to a consortium of Indian banks, prompting ratings agency ICRA to downgrade the carrier.
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Jet has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking up more than $1 billion in debt.
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Santiago Domenech, a general contractor with $270 million of his savings tied up in bonds Puerto Rico just defaulted on, once had 2300 employees.
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The former British colony finances its entire budget from taxes after international financial institutions stopped lending in 2000 after Zimbabwe defaulted on its debt.
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The U.S. letter focuses on the way landlords bought homes left empty after their owners defaulted on mortgage payments during the 2008 financial crisis.
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The U.S. housing market plummeted as high-risk borrowers defaulted on those loans, beginning a downward spiral that would trigger a global liquidity crisis.
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The Department of Education should end its sweetheart deal with collection agencies and find a better way to work with defaulted student loan borrowers.
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IL&FS Transportation said on Tuesday it has defaulted on interest totalling about 178.84 million rupees for non convertible debentures, due to insufficient funds.
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Such advisers have significant influence over the handling of bankrupt companies' assets, and help determine which creditors receive the best returns on defaulted debt.
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Some state-owned businesses have defaulted on bond payments, suggesting that the government will not prop up failing companies in perpetuity, which is encouraging.
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Malvern Group is partly owned by Indian tour operator Cox & Kings Ltd, which is under severe financial stress and has defaulted on debt repayments.
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Maduro's government had remained current on that bond even as it defaulted on most other debt in order to avoid losing control of Citgo.
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Since then, the ad blocker has defaulted to "whitelisting" approved ads, so that they show up even when users have the blocker turned on.
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For the first time, Puerto Rico defaulted on general-obligation bonds, which are supposed to have rock-solid constitutional guarantees of repayments to creditors.
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The source said offers would likely aim for amounts close to the top of the range, virtually ridding the bank of its defaulted loans.
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The island defaulted on $422 million in debt payments on May 1 and faces a $85033 billion default on July 1 without legislative intervention.
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The featured items defaulted to public settings, which inadvertently made all posts by the user during the affected time period also default to public.
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Venezuela has defaulted on its external obligations, including enormous sums owed to China and Russia, which will no doubt try to protect their claims.
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For private loans that have defaulted, you can be sued by the collector and may be responsible for any court costs and related fees.
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The agency on Thursday also unveiled changes intended to minimize foreclosures, including modifications in Fannie Mae and Freddie Mac rules for selling defaulted loans.
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The agency now books some $50 billion in profits on the lending system annually and continues to astonishingly make a profit on defaulted loans.
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The CFTC assessed the impact of a hypothetical "extreme but plausible market scenario" in which two systemically important members at each clearing house defaulted.
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To begin, download WeChat in any app store and as long as your phone is defaulted to English, the app will install in English.
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In October 2016, Mr. Righter obtained a $24,000 loan using a false Basquiat drawing as collateral, and then defaulted on the loan, prosecutors said.
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In 2009, 59 CDDs defaulted in Florida, according to Matt Fabian, a partner and researcher at Municipal Market Analytics, an independent market research firm.
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It found that fintech mortgages defaulted at a 25 percent lower rate than those from traditional lenders, adjusted for unique aspects about the loans.
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The ruling could set a precedent for other suits against PDVSA and Venezuela's government, which together have defaulted on some $8 billion in debt.
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The agency on Thursday unveiled other changes designed to minimize foreclosures, including modifying rules for Fannie Mae and Freddie Mac to sell defaulted loans.
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Argentina has defaulted on its sovereign debt eight times since independence in 1816, most recently in 2014 when Ms Fernández clashed with hedge funds.
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Tens of thousands of people who have defaulted on their private student loans may have their debt wiped away because important paperwork is missing.
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About 235 percent of borrowers who began repaying their loans in 2000 had defaulted by 2018, down from nearly 11 percent the previous year.
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According to the G.A.O. report, the Education Department estimated that it would not recover more than 20 percent, or $4 billion, of defaulted loans.
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Ivory Coast is the world's top grower of cocoa but many exporters have defaulted on contracts to buy beans via state marketing board auctions.
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Santiago Domenech, a general contractor with $250 million of his savings tied up in bonds Puerto Rico just defaulted on, once had 263 employees.
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SHANGHAI, Sept 26 (Reuters) - Chinese apparel and accessories retailer Neoglory Holdings Group has defaulted on payments on an exchange-traded bond, the company said.
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The information reflects student loan borrowers that went into repayment in 2016 and tracks whether they defaulted or not in 2016, 2017, or 2018.
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Holdouts have tied up Argentina in U.S. courts since the Latin American nation defaulted in early 2002 on nearly $100 billion in sovereign debt.
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After struggling for two years to make a dent on his loans, Mr. Smith defaulted and his wages from a new job were garnished.
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Mr. Kalikow took over the project after the original developer, Joseph P. Beninati, defaulted on a total of $147 million in loans from Gamma.
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The network has defaulted into two storylines — both of which carry water for the Trump administration and shift blame onto Democrats and the media.
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IPIC said on Monday it would make the interest payment on a $13 billion bond that was due on Monday but only after 21MDB defaulted.
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In the interim, firms have defaulted to leveraging big data in exactly the same way they previously used small data: for reporting and business intelligence.
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In one such analysis, 6 percent of the predicted "low-risk" people defaulted, compared to 27 percent of the group Voicesense had deemed high risk.
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Wintime Energy defaulted on payments on 11 bonds worth a total of 14.69 billion yuan ($2.14 billion) in 2018, according to data compiled by Reuters.
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When I played Epic's game on the device, it automatically defaulted to the highest "Epic" graphics settings and ran at a rock-solid 220 fps.
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TWENTY years ago, on August 17th 1998, the Russian government devalued the rouble, defaulted on its domestic debts and suspended all payments to foreign creditors.
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There is a big difference between the debt that MBIA insured in Puerto Rico, and the paper that the island defaulted on earlier this week.
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And plenty of people out there surely wouldn't mind if, at the very least, their emoji defaulted to their actual skin color instead of yellow.
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Two hedge funds — Montreux Partners and Dart Management — accepted the proposal, which would amount to three-quarters of a $9 billion claim on defaulted bonds.
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Wells Fargo — The bank agreed to pay $20163 million to settle a case involving home appraisal feels for homeowners who had defaulted on their mortgages.
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For example, when Apple's Siri virtual assistant first launched, it defaulted to a male or female voice depending upon which country the user was in.
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In the offer announced Friday, the government said it would pay holders of defaulted bonds without a pari passu injunction 150% of their principal claim.
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Earlier this month, one Beijing-based mutual fund house, New China Fund Management, needed to sell assets after it defaulted on several products, Reuters reported.
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The previous month Infrastructure Leasing and Financial Services (IL&FS), a Mumbai-based lender with scores of subsidiaries, had defaulted on a series of loans.
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Under similar circumstances in June 2014, Ecuador returned to the international bond markets for the first time since President Rafael Correa selectively defaulted in 2008.
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Ashmore owns defaulted Venezuela government bonds as well as the more sought-after PDVSA 2020 bonds secured by the oil firm's U.S. refining offshoot Citgo.
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In 2015, over 10 percent of borrowers in a loan repayment program defaulted within three years, according to recent data from the Department of Education.
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Argentina never fully recovered its reputation in international markets after the country stopped paying its creditors and defaulted on a $95 billion debt in 2001.
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Later, the USTA announced that he was defaulted for "aggravated unsportsmanlike conduct when he questioned the impartiality of the chair umpire, because of her race."
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Once you give your email to any Square vendor, you are defaulted into receiving automated receipts and promotions from every participating Square vendor you visit.
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The proportion of defaulted loans (defined as IFRS impaired loans plus loans which are over 90 days past due) was 1.2% at end-March 2017.
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The government has removed IL&FS' management and took control of the company after the provider of infrastructure financing defaulted on a series of debts.
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Jet Airways has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking up more than $1 billion in debt.
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Wrong. A string of countries, including big ones like Brazil and Russia, has defaulted in their own currencies and not just in times of war.
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Small to mid-sized borrowers, whose businesses have been severely affected due to demonetisation and may have defaulted, will only be considered defaulters in Q223.
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The Trump plan does not force schools to cover up to 50 percent of the costs of all their students' and ex-students defaulted loans.
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The board released the latest version of the fiscal plan to the public on Monday, spurring a rally in the government's defaulted general obligation bonds.
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Many lenders have ramped up reserves, concerned by the increasing number of energy companies that have gone bankrupt and defaulted on loans in recent months.
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He ditched Fernandez's trademark currency controls and settled a long-standing feud with holders of defaulted Argentine bonds, finally getting the country out of default.
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A consortium - led by Union Bank and State Bank of India - was set up to restructure DHFL's debt a month after it defaulted in June.
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"Bronze Star LLC defaulted of their contract requirements when they were unable to meet the required delivery date," FEMA said in a email to CNN.
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The island has already defaulted on several debt payments, and is likely to miss another $2 billion it owes on July 1 without legislative action.
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Of 29 companies defaulted on debt in the first nine months of 2018, 24 were private firms, involving 67.4 billion yuan, the central bank said.
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If a defaulted loan on a house in Tampa was used to make bonds owned by investors in Japan, the house infected the global economy.
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Several speakers at the hearing demanded the agency provide better assistance programs for struggling borrowers, specifically a rehabilitation program to help bring defaulted loans current.
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EXPECTED RATING SENSITIVITIES Unexpected decreases in residential property values, increased foreclosures and loss severity on defaulted mortgages could produce higher losses than Fitch's base case.
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The RBI had previously resisted prior court orders to reveal the names of companies who have defaulted, saying to do so risked breaching confidentiality rules.
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Wall Street was burned during the crisis when a wave of high-risk borrowers defaulted and caused securities that bundled the loans together to collapse.
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The ratings fell deep into junk after the city defaulted on some of its debt and filed for Chapter 9 municipal bankruptcy in July 2013.
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Puerto Rico has already defaulted on some of its debt, most recently the bulk of a $422 million payment owed by its primary government bank.
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"I'm pretty sure it fucked my credit 'cause my credit's fucked," said Loreta Gomez (not her real name), who defaulted on her loans in 2011.
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The Senate bill would require the department to halt all monthly payments for six months, though it doesn't explicitly reference the collection of defaulted loans.
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To entice banks to make student loans, the government offered them insurance: If a borrower defaulted, it would step in and pick up the tab.
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"In the Great Recession default cycle, no DIPs defaulted," said David Keisman, senior vice president and a loss given default analyst at Moody's Investors Service.
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According to recent Department of Education data, 22 percent of federal borrowers – or 4.6 million Americans – in repayment have defaulted on their federal student loans.
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Time after time, Trump's casino companies defaulted on their debts, filed for bankruptcy and ultimately agreed to pay back their creditors pennies on the dollar.
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The lender was Paul E. Singer and his hedge fund, Elliott Management, best known for its decade-long battle with Argentina over its defaulted debt.
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In 2015, the most recent year for which data was available, 37 percent of borrowers over 65 had defaulted on their loans, according to AARP.
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It's not just millennials new to the work force who are in the crosshairs of being automatically defaulted into a too-low default contribution rate.
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"The federal government, meaning taxpayers, are already losing plenty in terms of defaulted student loans, and income-based plans that will be forgiven, " he said.
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Wall Street traders, in response to demand for yield from their clients, put together exotic bundles of mortgages, many tied to unqualified buyers who defaulted.
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The fund also maintains that the company could have been insolvent when it transferred the MyTheresa, potentially causing it to have defaulted on its debt.
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In March, after one of the Zohar funds defaulted on its notes, Patriarch was replaced as collateral manager by Alvarez & Marsal, a restructuring advisory firm.
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Unlike defaulted borrowers, UTP borrowers are often businesses which are still operational, and the best chance of recovering the loans can lie in turning them around.
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Year to date, 11 Chinese companies have defaulted on principal or interest payments on 20 bonds worth a combined 19.9 billion yuan, according to Reuters data.
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Instead, those bonds will be forfeited without payment at the same time as Yellow Crane hands over and gets paid its settlement on other defaulted bonds.
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Business leaders anticipate borrowing costs will fall in coming months if the government wins congressional approval to seal a deal with creditors holding defaulted sovereign bonds.
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Sealand Securities defaulted on a bond transaction with Bank of Langfang, in China's northern Hebei province, following the recent tumble in bond prices, local media reported.
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When people defaulted on those loans, the Trust began to sue indiscriminately, the CFPB said, filing suit against tens of thousands of consumers across the country.
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"Until the operational performance of the GTR franchise is restored to acceptable levels, the risk of Go-Ahead being defaulted on the contract remains," he said.
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My continuity of care has been interrupted due to the fact that some doctors now refuse to see me due to the debt I've defaulted on.
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Even though Ireland's biggest banks suffered huge losses after the financial crisis, they held back from forcing many borrowers who had defaulted out of their homes.
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Recovering UTPs can be more complex and costly than liquidating defaulted loans, often entailing debt restructuring, turnaround plans and new investment to return businesses to health.
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Ten years ago, big lenders got into trouble when irresponsible loans made to subprime mortgage borrowers defaulted, helping create the worst excesses of the financial crisis.
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But without foreign lenders able to receive land as collateral if local borrowers defaulted, the restrictions began to limit international credit, especially in the agricultural sector.
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As four presidents came and went in a week over Christmas 2001, Argentina devalued and defaulted on $82bn of bonds, the largest sovereign default in history.
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Airbnb says it manages travel for 400,000 businesses, and business travelers are using the service for shorter trips — ones that might have once defaulted to hotels.
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For several decades, most judges have defaulted to the alternative method of calculating plaintiffs' lawyers' fees as a percentage of the common fund for class members.
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Some oil-producing countries, including Venezuela, Ecuador, Nigeria and Angola, defaulted on their sovereign debt in the 1980s when crude prices entered a six-year slump.
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If any member defaulted, the others would have to pay that person's portion of the loan back — or else possibly lose borrowing privileges in the future.
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According to Dubkov, there was a small movement developing as early as the '80s but everything fell apart when Russia defaulted on its debt in 1998.
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But another article in the Wall Street Journal reported that Jackson later defaulted on a $24.5 million loan which then required the sale of the ranch.
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The ITF confirmed later that the teenager had been fined a total of $7,000 for the incident - $2,000 for being defaulted and $103,000 for unsportsmanlike conduct.
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After the 2008-2009 global financial crisis, several Kazakh banks defaulted on their debt and were nationalised and kept afloat by capital injections from the state.
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Roughly 40 exploration and production companies and 40 oil-service and -equipment companies defaulted on their debt last year and are in some form of reorganization.
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The Treasury Department said in 2016 that its pilot program to collect on defaulted student loans with a gentler approach failed in comparison to private companies.
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The deal, announced on Tuesday, represents a payment of 150 percent on the $900 million principal value of the debt which Argentina defaulted on in 2002.
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The dispute started when Fridman's Alfa seized Karamehmet's stake, saying Cukurova had defaulted on a 2005 loan agreement for which the shares were pledged as collateral.
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Under pressure from regulators, Italian banks have shifted some 130 billion euros ($147 billion) in defaulted loans off their balance sheets over the past two years.
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Some investors in recent weeks have even bought Venezuela's defaulted debt on speculation that Maduro's reelection could prompt the military to intervene to prevent economic collapse.
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Puerto Rico already defaulted on $85033 million in debt payments on May 1 and will default on billions more if Congress doesn't act by July 1.
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That leaves some $247 million that will be defaulted upon, mostly held by smaller investors without the organization or deep pockets of the ad hoc group.
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Efromovich had offered up his controlling stake in the company as collateral for the $450 million loan, and United said in May that he had defaulted.
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About a year later, Trump defaulted on the over-leveraged airline's loans amid a series of ill-advised cost overruns that coincided with an economic recession.
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President Nicolas Maduro's cash-strapped government has remained current on the PDVSA 2020 bond payments even as it defaulted on some $8 billion in other debt.
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He was too busy trying to evade capture by the Turkish government, which came after him and ultimately seized multiple assets when he defaulted on debts.
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Singer purchased eleven million dollars of defaulted Peruvian bonds, and then began a protracted legal battle to force the government to pay back the full value.
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After her daughter defaulted, Ms. Timony was sued by one of the agency's collection firms and has since declared bankruptcy to get more manageable monthly payments.
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This myth flies in the face of the experience of many countries that have re-accessed the international capital market after having defaulted on many occasions.
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"CORREA-ERA WASTE" Lasso would also examine contracts and loans with China, Ecuador's top creditor since the country defaulted on $3.2 billion in bonds in 2008.
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Russell told the justices that the 4th Circuit decision could be used by companies that service debt to avoid the law by buying the defaulted loans.
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DHFL separately announced on Saturday it had defaulted on interest payments worth 285.8 million rupees on non-convertible debentures, due on July 6 and July 8.
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The broadcaster did not confirm or deny having defaulted on the loan from American Tower in court papers, but argued it had not been served properly.
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In it, Justice Department lawyers estimated that ITT's compensation practices had resulted in a direct loss to the government of $400 million in defaulted student loans.
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L), could all generate enough liquidity to settle payments if two of their largest members defaulted, the Commodity Futures Trading Commission (CFTC) said in a statement.
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After the US nearly defaulted on its debts in 1979, Congress enacted a system whereby it automatically raised the debt ceiling as needed when passing budgets.
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The problem stems from 2001 when Argentina defaulted on its debts, the equivalent of a bankruptcy, after the country could not make its payments to creditors.
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Only 3.1% of junk bonds have defaulted in the last 12 months, and much of the value of the bonds will be recovered, the firm said.
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MOSCOW, Nov 29 (Reuters) - Russian Standard Ltd, a company linked to Rustam Tariko who owns Russian Standard Bank which defaulted on the Eurobond due on Oct.
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When the lion's share of those bad mortgages defaulted, and millions of homes went into foreclosure, home construction plummeted, landing at just 430 starts by 2011.
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One high-profile case was when the government took over operations at a financing firm, called Infrastructure Leasing and Financial Services, after they defaulted in 2018.
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In Argentina, Elliott was pilloried in the local press as a "vulture" investor for waging a decade-long battle with the government over its defaulted debt.
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The rage that arose in the 1880s, as rural incomes fell and farm mortgages defaulted while city bankers got rich, does not feel so distant today.
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A record number of Chinese issuers defaulted on bond payments last year amid a broad crackdown on shadow financing, and default risks remain high this year.
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That compares with 39 issuers that defaulted on payments on 101 bonds with a total principal value of 102.48 billion yuan in all of last year.
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Tunghsu said in a statement it defaulted on two medium-term notes on Monday, worth 3 billion yuan in total, due to a temporary liquidity shortage.
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The hedge fund Kensington, a subsidiary of the distressed debt investor Elliott Management, purchased defaulted Congolese debt for cents on the dollar in the late 1990s.
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For example, corrupt companies like Solyndra received huge federal loans from the Obama stimulus, then defaulted on the loans and folded, leaving taxpayers on the hook.
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ARGENTINA REACHES DEAL WITH 2 HEDGE FUNDS | Argentina offered to pay $6.5 billion to a group of hedge funds holding bonds it defaulted on 15 years ago,
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LAGOS, July 13 (Reuters) - Nigeria's telecoms regulator will check the financial health of other operators after Etisalat Nigeria defaulted on a $1.2 billion loan, a spokesman said.
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Additionally, the notional of defaulted collateral is now at $20760 million (1% of the aggregate index portfolio) from $2212 million (2908%) at the end of last year.
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During the 2007-09 financial crisis, this meant that undercapitalised lenders had no buffer to fall back on when loans defaulted, forcing taxpayers to bail them out.
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"The integrated public alert warning system inadvertently defaulted to a generic message," Phelps said in a video posted on social media by the Office of Emergency Management.
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Russian Standard Ltd, a company linked to Rustam Tariko who owns Russian Standard Bank, defaulted on the Eurobond coupon payment which had been due on Oct 27.
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The fund defaulted on its bonds a year ago, sparking the dispute, with IPIC asking a London court to arbitrate over a claim totaling some $6.5 billion.
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SEBI has threatened to impose tougher rules since the agencies were perceived to have responded slowly to changing conditions in several companies that defaulted, including Amtek Auto.
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If you're looking at a map and want to change the music, you just tap the music panel, which is defaulted to display whatever you're currently playing.
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They have battled with Argentina for more than a decade in a fight that stems from 2001, when the country defaulted on nearly $100 billion of debt.
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The vessel was nearing completion at the docks of Fujian Mawei Shipbuilding in Fuzhou in southern China in December 2017 when MAC Goliath defaulted on a payment.
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Borrowers have defaulted on 20bn yuan of bonds in 2018, up by nearly a third from a year ago, though still just 0.1% of the overall market.
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" However, the lawsuit alleges that Fatbird "has defaulted on every installment payment owed to Cora and how now repudiated its agreement to make future payments to Cora.
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Argentina, which defaulted on its debt in 2002, has been convulsed by economic crises about once every decade for 70 years, making it vulnerable to market jitters.
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In December 2015, the Legislature passed "Proyecto del Senado 1454," which allowed cooperativas to amortize a loss on defaulted Commonwealth bonds over 15 years rather than immediately.
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A source says Backplane defaulted on loan obligations to lenders, and Sherwood Partners confirms it worked with the company to sell its assets through Dorsey & Whitney LLP.
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But even with those efforts, Bertucci's said it struggled to pay its roughly $119 million debt and defaulted on a loan, forcing it to seek bankruptcy protection.
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The country defaulted for the second time in 12 years in July 2014 due to a dispute with holdout creditors that had rejected its prior debt restructurings.
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Eleven companies in China have defaulted on interest and principal payments on 18 bonds worth a combined 15.6 billion yuan since January, data compiled by Reuters showed.
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It estimated 70 percent of the students who stopped borrowing because they switched schools would have defaulted on their loans if they stayed at their prior school.
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In dozens of cases over the last three years, SolarCity has reached long-term lease agreements with homeowners shortly before or even after they defaulted on mortgages.
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In May, an American Tower unit sued TV Azteca for nearly $97 million in a New York state court, saying the company had defaulted on the loan.
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AHAB and another company, Saad Group, defaulted in 2009 in Saudi Arabia's biggest financial meltdown, leaving international and regional banks and other creditors owed about $22 billion.
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That's especially true of mobile, where a company like Apple makes it easer to use its built-in Safari browser even after you've defaulted to mobile Chrome.
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Failing to do so would be costly both to students and to the taxpayers, who would be on the hook for grants and defaulted loans to students.
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The Guardian reported that "dozens of the properties were bought at a discount in 2013," after banks foreclosed on their owners, who had defaulted on their mortgages.
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Over all, provisions for delinquent and defaulted loans were down 6 percent, to €2.41 billion, in the quarter, from €2.56 billion in the first quarter of 2015.
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As many as 20,000 of those customers may have defaulted on their car loans or had their vehicles repossessed in part due to these unnecessary insurance costs.
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The commonwealth government defaulted on $174 million in payments due in January, with more than $2.4 billion due this year, much of it backed by its constitution.
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The Trump administration on Thursday rolled back Obama-era guidance that forbade student loan debt collectors from charging high fees to defaulted borrowers, The Washington Post reported.
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A college graduate who defaulted on his loans after he learned he had cancer and lost his job was sued by the agency for more than $250,000.
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The sanctions compounded an economic crisis that had worsened since the World Bank, IMF and African Development Bank suspended aid in 1999, after Zimbabwe defaulted on debts.
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They are repulsed by his boasts of being the "king of debt" and concerned about his statement that he wouldn't mind if America defaulted on its debt.
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In addition to servicing the federal defaulted student loan portfolio, struggling borrowers receive repayment and rehabilitation assistance, loan discharges and other relief granted to them by Congress.
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Back in 2015, a woman named Bryana Bible sued USA Funds, a guarantee agency, for charging her $4,547 on a loan she defaulted on three years prior.
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When their policies have met opposition from Republican lawmakers or voters, neoconservatives have often defaulted to the position they, as ideological purists, find more comfortable: principled opposition.
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So far this year, 10 issuers have defaulted on principal or interest payments on 17 bonds worth a total of 14.6 billion yuan this year, Fitch said.
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Ratings agency Fitch, which had downgraded the country's sovereign credit ratings to RD (restricted-defaulted), upgraded it late-Tuesday to its former status CC (strong default probability).
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The proposed sale comes after CWT International defaulted on a HK$1.4 billion ($179 million) loan in April, since when trading in its shares has been suspended.
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The government has defaulted on most of its debt, but creditors are reluctant to negotiate a restructuring due to U.S. sanctions intended to force Maduro from power.
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Last August, Rosewood's corporate parents defaulted on $146 million of mortgage loans, which meant the housing department's insurance fund had to pay that amount to Rosewood's lender.
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The last time the country's risk spread widened so much was in 2005, when it set out to restructure bonds it had defaulted on three years earlier.
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One of the poorest countries in the world, Mozambique saw its currency lose a third of its value over the course of 2016, the year it defaulted.
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Dewan Housing Finance Corporation, which lent to homebuyers and property developers, defaulted in June, complaining that it could not raise fresh funding after its credit rating fell.
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And college graduates who have defaulted on a student loan, for any reason good or bad, are going to find it very hard to get a mortgage.
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The island has already defaulted on some debt payments and its Governor Alejandro Garcia Padilla has warned that the government is close to running out of money.
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The company defaulted on some of its debt last summer and announced that it was under investigation by the Securities and Exchange Commission for its accounting practices.
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The next year, after Congress cut off military and economic aid, Panama defaulted on its foreign debt payments, and its economy contracted by a startling 20 percent.
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Julian Adams of Adelante Asset Management, head of the ad hoc London Club Committee of investors who own defaulted Cuban debt, said creditors prefer a negotiated settlement.
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The territory defaulted on $422 million of debt payments on May 1, and face a massive $85033 billion default on July 1 if Congress fails to act.
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For the first time in the history of the Territory, a government have defaulted in its payment obligations, which have led to chaos in the local markets.
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"The Royal Commission revealed that many Australians were duped by introducers into unaffordable loans and defaulted as a result," Patrick Veyret, CHOICE Policy and Campaigns Adviser said.
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Mr. Aboulafia, the aviation analyst, said it would be hard for Iran to get private financing because lenders could have trouble repossessing the planes if it defaulted.
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The impoverished northeastern African country is buckling under its debt with defaulted loans owed to the private sector making up just a small part of the burden.
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But a short while later David was forced to start all over again when the friend from whom he was subletting the space defaulted on the rent.
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In late March Dongbei Special Steel Group Co Ltd defaulted on a short term bond, which was a major contributing factor to the bond sell-off in April.
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Adeptus defaulted on loan payments that were due March 31, but Deerfield plans on waiving the default and pouring more money into Adeptus' facilities to keep them operating.
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Sanea, once ranked among the world's 100 richest people by Forbes, was detained last year for unpaid debts dating back to 2009 when his company, Saad Group, defaulted.
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ICA, which defaulted on interest payments in December and January totaling $37 million, saw its dollar debt balloon after the peso slumped to a series of record lows.
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The grid was in urgent need of maintenance before Maria hit and the power company responsible had defaulted on a debt-restructuring deal in July, according to MSNBC.
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Unfortunately, the 1990s ended poorly for Argentina, and the country entered a steep economic crisis, faced a severe currency devaluation and defaulted on its public debts in 2001.
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The fund, known for its years-long battle with Argentina over its defaulted debt, seeks to bar the oversight board from operating until it has been validly constituted.
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The 1890s crisis had its roots in Argentina, which suffered a debt crisis and defaulted after a classic influx of hot and dumb money, much of it British.
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Sealand Securities defaulted on a bond transaction with Bank of Langfang, in China's northern Hebei province, following the recent tumble in bond prices, local media reported last Wednesday.
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And when Manafort defaulted on the loans, the bank of which Calk is chief executive officer, the Chicago-based Federal Savings Bank, incurred a multi-million-dollar loss.
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Workers with 401(k) plans can automatically invest with payroll deductions and often receive some help from their employers in selecting investments or are defaulted into decent options.
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The Indian government took control of IL&FS last month after it defaulted on some of its debt, triggering wider concerns about risk in the country's financial system.
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Female sex hormones do present their own unique challenges in experiments because they regularly fluctuate, and that's partly why scientists defaulted to male human or animal study subjects.
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In the event that triggered the recession, poor-quality mortgage borrowers defaulted in droves, setting off a liquidity crisis on Wall Street that spread through the broader economy.
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A federal appeals court in New York cleared the way for Argentina, which defaulted on its debt in 2001, to repay bondholders who had rejected earlier debt restructurings.
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SEBI has threatened to impose tougher rules since the agencies were perceived to have responded slowly to changing conditions in several companies that defaulted, including Amtek Auto (AMTK.NS).
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He began his presidency by allowing the peso to devalue, removing taxes on food exports and striking a deal with holders of debt on which Argentina had defaulted.
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Propelled by borrowed money, Iceland's banking sector grew rapidly leading up to the financial crisis of 2008, but defaulted when the United States and the EU tightened credit.
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The U.S. territory, which has not been able to sell municipal bonds since 2014, has defaulted on some debt and is seeking restructuring help from the U.S. Congress.
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Also last week, Puerto Rico defaulted on most of a $422 million debt payment — its largest missed payment to date — and about $2 billion comes due July 1.
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As new loans were frozen, Greece defaulted on the International Monetary Fund in July 2015 and had to introduce capital controls to prevent its banking system from collapse.
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"It's all about avoiding powerful litigation for as long as possible," Mr. Fabian said, explaining why he thought Puerto Rico made one payment and defaulted on the other.
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Indebted billionaire Sanea was detained in Saudi Arabia after his company Saad defaulted together with another conglomerate in 2009, leaving banks with unpaid debts of around $22 billion.
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According to a Government Accountability Office report from 2018, Puerto Rico owes about $85033 billion and had defaulted on over $1.5 billion in debt as of August 2015.
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Chad, South Sudan, the Republic of Congo and Mozambique moved into "debt distress" in 2017, the IMF said, which means they have defaulted or cannot service their debts.
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In fact, in 28500 the government of Puerto Rico defaulted in its payment to its bondholders and other creditors and continued to seriously underfund its various pension plans.
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There's a clear editorial message with Facebook conveying that there are shades and nuances to what "Private" means on Facebook compared to "Public," which is unwavering and defaulted.
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He couldn't find a job and soon defaulted on his student loans, like 2000 percent of borrowers are expected to do by 2200, according to the Brookings Institution.
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RATING SENSITIVITIES Unexpected decreases in residential property value, increases in the frequency of foreclosures and loss severity on defaulted mortgages could produce higher losses than Fitch's base case.
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The most recent prominent default came from Energy Earth , which was rated BBB- by Tris before it defaulted on 717.5 million baht ($21.2 million) debt in early June.
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Because of that guarantee, when Mr. Singh defaulted on two of the loans in November 2015, the loans' holder demanded that the town pay what Mr. Singh owed.
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On Thursday, Phillips re-offered the 1963 Gerhard Richter painting, "Jet Fighter," which it owned after a Chinese guarantor had defaulted on its $24 million sale in 2016.
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While Ecuador has not defaulted, it is reeling after huge unrest last year and the recent oil price collapse; its sovereign bonds have tumbled around 50% this year.
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While Ecuador has not defaulted, it is reeling after huge unrest last year and the recent oil price collapse; its sovereign bonds have tumbled around 50% this year.
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Mr. Kemp has also been named in two lawsuits by lenders who claim that he and other investors defaulted on $700,000 in loans for a canola-crushing business.
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Shapovalov immediately put his hand to his face in anguish and apologized to the umpire, but he was defaulted from the match and Canada lost because of it.
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The company has learned to respect this scale after sizable amounts of external pressure were applied, but they've always defaulted to dated comparisons when it's profitable to them.
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Defaulted loans fell 22.7 percent from a year earlier, having fallen 20.8 percent in August, helped by securitisation deals, the Bank of Italy said in a monthly report.
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These were securities that had been given favorable credit ratings from agencies, but which proved problematic as subprime mortgage borrowers defaulted in droves and the housing bubble burst.
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The proportion of defaulted loans (defined as IFRS impaired loans plus loans which are over 90 days past due but not impaired) was 1.4% at end-March 2016.
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The Treasury Department recently conducted a pilot project in which its employees tried to collect on defaulted loans, a job the Education Department contracts out to private companies.
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The country's sovereign debt is expected to reach 96% of GDP (gross domestic product) in 2020, while the country has defaulted on a spree of loans in 603.
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Shapovalov, a 27-year-old Israeli-born Canadian, was defaulted as a result, handing Britain's Kyle Edmund a 26-33, 23-3, 21-1 victory after 78 minutes.
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Privately-owned enterprises (POEs) accounted for more than 80% of bond defaults, whether counting by the number of issuers or the principal amount of defaulted bonds, Fitch said.
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Chinese corporate issuers defaulted on onshore bonds with a total principal value of 99.4 billion yuan ($14.12 billion) in the first 11 months of this year, Fitch said.
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Sealand Securities defaulted on a bond transaction with Bank of Langfang, based in northern Hebei province, following a recent tumble in bond prices, local media reported last week.
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The Indian government took control of IL&FS in October after it defaulted on several debt obligations, saying it stepped in to insulate the financial system from contagion.
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Fully 100 companies have defaulted on debt, 50 percent more than for the same period in 2015 and the highest level since 2009, according to S&P Global Ratings.
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Fitch expects the energy rate to remain low at 2% in 13, as crude oil prices have stabilized while the overwhelming majority of weaker energy issues have already defaulted.
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Like the action movies of the 703s, most video games have defaulted to "non-controversial" fodder, like Nazis, indistinctly "foreign" terrorists, robots, aliens, zombies, and, of course, Nazi zombies.
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After Telsim hit financial difficulties during the dotcom crash and defaulted on loans worth $2.7 billion in 2001, the companies sued the Uzans, winning billions of dollars in damages.
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IPIC, which guaranteed the bond, said on Monday it would make the interest payment on a $2170 billion bond that was due on Monday but only after 3.53MDB defaulted.
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And still, the device has defaulted to Amazon Prime Music with every single request, forcing broad requests like "Play the Beatles" or super specific requests for an exact song.
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In October 2015, the chief executive of a Beijing-based asset management firm was stabbed by a frustrated investor who lost money in defaulted products guaranteed by Hebei Financing.
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The most recent data, which includes all sovereign defaults up to the end of 2017, shows that defaulted sovereign debt accounts for just 0.3% of all world public debt.
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Ring hired most of Zonoff's ex-employees, but Zonoff defaulted on a loan payment to ADT before closing, leading ADT to argue that they held the company's intellectual property.
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Similar to how macOS users defaulted to the non-Touchbar MacBook Pros for years as an entertainment system, Razer may be trying to fill that gap for Windows users.
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In fact, people with the smallest amount of student loans — less than $703,125 — defaulted at the highest rate: 37%, compared to 24% for people who borrowed more than $24,000.
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It's hard not to notice how easily the two fall back into the same roles as foils for each other that the media defaulted to in the first place.
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"Once you have defaulted on your federal loan, the lender will turn to a collection agency, which will typically offer you a plan to repay your loan," Rabinovich explains.
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NEGOTIATED SETTLEMENT Venezuela has defaulted on its foreign debt amid a broad economic collapse under Maduro, who still controls the day-to-day operations of the government and PDVSA.
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Eleven companies in China have defaulted on interest and principal payments on 18 bonds worth a combined 15.6 billion yuan ($2.45 billion) since January, data compiled by Reuters showed.
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The problem is most acute in areas facing other financial problems; most starkly in Puerto Rico, which has just defaulted on its debt and has a $50bn pensions deficit.
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And its bonds still mostly trade at 20-30 cents on the dollar—a big discount, but far above the single-digit prices to which defaulted debt often sinks.
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The major credit-rating agencies declared that Venezuela, whose cash-strapped socialist government has said that it will need to restructure its debt, had defaulted on some international bonds.
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One of their contractual options is to "accelerate" defaulted bonds, requiring their immediate full repayment—and then to seek a court order to seize oil cargoes and other assets.
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ALTHOUGH, YOU COULD MAKE THE CASE, I MEAN, CHINA HAS DEFAULTED WITH US BECAUSE IF YOU LOOK AT WHAT THEY ARE DOING WITH INTELLECTUAL PROPERTY, $300 BILLION A YEAR.
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During the last quarter of 2015, more than $167 million in wages were garnished from borrowers who had defaulted on their loan payment, according to the Department of Education.
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Argentina had been a financial pariah for more than 14 years, cut adrift from international capital markets thanks to a long-running dispute with holders of its defaulted debt.
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People still remember how the British player Tim Henman was defaulted in a Wimbledon doubles match in 1995 when he struck a ball which accidentally struck a ball girl.
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Last week Maharashtra's chief minister Devendra Fadnavis had said the government was willing to write off up to 305 billion rupees ($4.75 billion) in defaulted loans held by farmers.
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Seychelles, rich in underwater reefs and postcard-perfect beaches, defaulted on its debt in 2008 and clawed its way back to prosperity with assistance from the International Monetary Fund.
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Argentina dubbed an affiliated Singer-owned company a "vulture" investor for its hardball tactics in a decade-plus legal battle with the South American nation over defaulted sovereign debt.
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Earlier in January it defaulted on a debt payment to a consortium of banks, led by State Bank of India (SBI), prompting ratings agency ICRA to downgrade the carrier.
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Russian Standard Ltd, a company linked to Rustam Tariko who owns Russian Standard Bank and founded Russian Standard Vodka, defaulted on a 2022 Eurobond coupon payment due on Oct.
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Elliott, known in Latin America for forcing Argentina into bigger repayments on defaulted bonds, is Avianca Brasil's largest creditor by a wide margin, with claims totaling almost $490 million.
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Securitised debt originating from poor quality U.S. "sub-prime" mortgages, sowed the seeds of the 2007-09 financial crisis after homeowners defaulted, depriving the securities of payments to investors.
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The Associated Press reported Tuesday that while in private business, Whitaker abandoned a taxpayer-funded apartment project and defaulted on a loan for nearly $22019,000 related to the project.
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The sanctions compounded an economic crisis that had worsened since the World Bank, International Monetary Fund and African Development Bank suspended aid in 1999, after Zimbabwe defaulted on debts.
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The announcement shows investors holding the defaulted paper are getting more organized, but most market observers agree that bondholders are unlikely to begin pursuing legal claims against Venezuela soon.
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The mock appeal began where the play ended: Shylock, the conniving Venetian Jewish moneylender, insists on collecting a pound of flesh from Antonio, who has defaulted on a loan.
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And he defaulted to the pet projects of John Bolton, his national-security adviser, a man motivated more by legal theories than by foreign policy and the national interest.
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The financial crisis of the last decade has been largely attributed to financial institutions who approved loans for borrowers with subprime credit scores, and who defaulted on their payments.
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In the wake of the spectacular human tragedy of Jonestown (from which the oft-quoted idiom about Kool-Aid comes), we've defaulted to seeing cults as homicidal and suicidal.
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The Appendix outlines Fitch's methodology for analysing Portuguese NPL transactions backed by mixed portfolios of secured (residential or commercial properties) and unsecured claims towards defaulted SME obligors or individuals.
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It is therefore unable to provide close-fire support during battles, Ms. Casagrande said, and has defaulted to a strategy of bombarding areas it believes are under rebel control.
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While most of EPR's theater leases and all of its charter school leases are cross-defaulted, a tenant bankruptcy could allow for the rejection of certain non-economic leases.
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After nearly 3 weeks, the lender's pissed and says Ja and Billy have defaulted on the loan -- so, it's suing to get all the money back, plus interest ... STAT!
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In fall 2008, Mr. Trump defaulted on a loan from Deutsche Bank, then sued it, claiming it had caused the financial crisis and engaged in predatory lending against him.
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Countries in such straits usually go through ad hoc bankruptcies known as sovereign debt crises, in which the currency is devalued and debts defaulted upon and/or written down.
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Adam Cole, an analyst at RBC Capital Markets, said that in the absence of any significant announcements over the weekend "markets have defaulted to small risk-on moves overnight".
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Tens of thousands of people who have defaulted on their private student loans could have their debt wiped away because important paperwork related to their lending agreements is missing.
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Puerto Rico, which has already defaulted on some of its debt, does not have the money to make big bond payments that are coming due in May and July.
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Interestingly, when asked how he might get his agenda passed given the intransigence of the Republican Party, he defaulted to something not too different from his polar-opposite Sanders.
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If you haven't had the chance to master at least the basics of a foreign language, you've probably defaulted to Google Translate, but found the process unwieldy and inconvenient.
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Bloomberg would also cancel the debt of students who went to predatory, for-profit colleges and end the government's collection of defaulted borrowers' Social Security checks and tax refunds.
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Puerto Rico's troubled power company defaulted on a deal to restructure roughly $9 billion in bond debt and sought court protection from its creditors, the government said on Sunday.
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If you haven't had the chance to master at least the basics of a foreign language, you've probably defaulted to Google Translate, but found the process unwieldy and inconvenient.
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He couldn't find a job and soon defaulted on his student loans, as 2200 percent of all borrowers are expected to do by 2000, according to the Brookings Institution.
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Banks absorbed by JPMorgan Chase and Wells Fargo allowed Southerners seeking loans to use their slaves as collateral and took possession of some of them when their owners defaulted.
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Fitch reacted by downgrading Argentina to a "Restricted Default" rating applied to borrowers that have defaulted on one or more of its commitments while to continuing to meet others.
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Inflation that could reach 1 million percent, declining oil production and defaulted loans leave an economy that will contract by double digits for the third year in a row.
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PREPA, the electric company on the island, has a massive $9 billion debt, as Vox's Alexia Fernández Campbell has explained, and in July it defaulted on an interest payment.
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As a result even basic legal procedures, such as a bank seizing the assets of a company that has defaulted on its loans, have proven all but impossible to apply.
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Argentina had earlier struck a deal to pay $1.35 billion to Italian investors who held onto defaulted bonds, paving the way for an agreement with some of the hedge funds.
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Earlier this month, Bank of England Governor Mark Carney likened leveraged loans to subprime mortgages that defaulted a decade ago in the United States to trigger the global financial crisis.
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The first time around, the Memorial Fund failed to secure bonds—the ones that are now being defaulted on—because of "current economic conditions," according to a Senate committee report.
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The lenders surveyed also expected the new standards to force them to recognize losses on existing loans that, while not defaulted, are at an increasing risk of not being repaid.
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IL&FS, which provides infrastructure financing, has defaulted on a series of debts, its management has been removed and the Indian government has taken control of its management and board.
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MEXICO CITY, Jan 18 (Reuters) - Shares of Mexican construction firm ICA, which defaulted on an interest payment and announced it would restructure last month, hit a fresh low on Monday.
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Japanese and South Korean shipyards demanded 20 percent down payments for orders, plus a guarantee from an international bank to pay the rest of the cost if the buyer defaulted.
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Securities covered by the new auction system include but are not limited to defaulted bonds, bonds that have been affected by defaults, and subprime asset-backed securities, the notice said.
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Some 30 percent of the students who left for-profit and community colleges in 2011 defaulted within three years, compared to 13 percent of undergraduates at private and public institutions.
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For years, this type of bond has been considered virtually default-proof — at least until Detroit went bankrupt, defaulted and dealt significant losses to holders of its general obligation bonds.
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It was also at the centre, along with Switzerland's Credit Suisse, of $2 billion of loans taken out in secret by the Mozambique government, which has since defaulted on repayment.
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IN 1875 THE Ottoman Empire defaulted on half its foreign debt, a victim of the "first major debt crisis of the developing world", according to one account of the mess.
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Although the gates had properly defaulted to the "down and active" position that occurs during a power outage or lack of signal, an employee moved them to their upright position.
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The app also defaulted people's birthdates to January 1st, 2019 in instances where they didn't fill out the field, making it even easier for someone to break into an account.
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People who have defaulted on their student loans "are going to have a tougher time passing an employment verification check, saving for retirement or ever buying a home," Chopra said.
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Their antics alone threatened to send the economy into recession, and if they had actually defaulted on the debt, per Ryan's guidance, the economic carnage could have been far graver.
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Some borrowers choose rehabilitation as a way out of default because after the mandatory payments are completed, the defaulted loan, though not the delinquency, is erased from your credit report.
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BEIJING, Dec 8 (Reuters) - China's banking regulator has fined China Guangfa Bank Co 722 million yuan ($109.12 million) for providing illegal guarantees for defaulted corporate bonds, it said on Friday.
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It was also at the center, along with Switzerland's Credit Suisse, of $2 billion of loans taken out in secret by the Mozambique government, which has since defaulted on repayment.
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EXPECTED RATING SENSITIVITIES Unexpected decreases in residential property values as well as increased foreclosure frequency and loss severity on defaulted mortgages could produce loss levels higher than Fitch's base case.
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If you've ever gone way out of your way to avoid an impromptu chat, fumbled with what to say, or defaulted to the weather (again!), the following guidelines should help.
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Argentina announced a US$10bn-$15bn bond, whose proceeds will help pay off the holders of its defaulted bonds who had rejected the payment terms of the country's debt restructuring.
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JOHANNESBURG (Reuters) - Impala Platinum (Implats) will be paid $201 million by a U.S. recycling company to compensate for years of defaulted payments, the South African mining company said on Wednesday.
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The absence of such collective action clauses, or CACS, can allow a small group of investors to hold out for better terms, as famously happened after Argentina defaulted in 2001.
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In fact, those who were afflicted by the secret errors for long periods defaulted to the mobile browser version of the social network, rather than give up on Facebook entirely.
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Argentina's recently elected president, Mauricio Macri, paved the way by reaching a deal with investors who had refused to accept earlier restructurings of debt on which the country had defaulted.
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EXPECTED RATING SENSITIVITIES Unexpected decreases in residential property value, increases in the frequency of foreclosures and loss severity on defaulted mortgages could produce loss levels higher than Fitch's base-case.
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Puerto Rico first defaulted on its general obligation bonds in July 2016, when it failed to pay roughly $1 billion owed to its creditors, and hasn't made any payments since.
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It was the last hurdle that Argentina's new president, Mauricio Macri, had to clear inside Argentina to settle with the holders of debt that his country defaulted on in 2001.
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Really, it's just a shame that Civil War, an otherwise fantastically fun movie, defaulted to a stock and unconvincing romance, instead of figuring out how best to use Sharon's skills.
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In practice, the static balance sheet means assets/liabilities that mature during the horizon are replaced on a like for like basis, and no workout of defaulted assets is assumed.
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Then, this winter, Bauhouse defaulted on a loan from Gamma Real Estate, which had invested $203 million in the undertaking, and Gamma moved to foreclose on the $650 million project.
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Nuclear's subsidies have been buried in hundreds of spending bills, it's costs externalized to the environment and future generations, and its bills literally unpaid, defaulted on or passed to taxpayers.
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At the center of the latest dispute are 312 million yuan ($45 million) worth of high-yielding bonds issued by southern Chinese phone maker Cosun Group that defaulted this month.
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Zombie firms, as they are often called, are companies that would have defaulted in a normal economic cycle but continue to function due to an ultra-low interest rate environment.
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Puerto Rico has already defaulted on some of its roughly $70 billion in debt while trying to cope with a 45 percent poverty rate among its 3.5 million U.S. citizens.
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Among the other claims: Navient repeatedly misallocated payments and incorrectly reported to credit bureaus that some disabled borrowers — including military veterans — had defaulted when their loans had actually been forgiven.
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But it's galling how this film, which otherwise attempted to stake out ground as a progressive exploration of modern fear, defaulted to such a blatantly stereotypical depiction of Native religion.
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About half of undergraduates who entered for-profit colleges during 2003-2004 defaulted 2503 years later, compared with 12 percent at public colleges and 14 percent at private, nonprofit colleges.
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The indictment also said that after Mr. Manafort was later charged with federal crimes and defaulted on the loans, the bank wrote off more than $12 million as a loss.
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As doctors got more fatigued, they defaulted to the easy thing: just writing an antibiotic prescription rather than taking the time to explain to patients why it is not necessary.
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Over the last four days alone, three private Chinese companies have defaulted on debt, telling their bondholders that they cannot make repayments, according to data compiled by S&P Global.
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When, only a year after the birthday party, Russia defaulted on its domestic debt and the foreign money flowed out again, he never stopped believing it would soon come back.
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Moody's found that after the financial crisis, from 2000 to 230, companies owned by top private equity firms defaulted on their loans at about the same rate as other companies.
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In Europe, eight European companies with rated debt defaulted on €5.4bn of euro and sterling bonds over the course of the year, JP Morgan strategists said in a recent report.
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M.B.I.A. insured bonds issued by cities, states, corporations, and mortgage lenders; its backing gave bonds a high credit rating, assuring buyers that they were protected in case a borrower defaulted.
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The human sharks have been circling Puerto Rico's bonds, given that the island has more than $70 billion of debt that has defaulted or is in danger of doing so.
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President Mauricio Macri, elected in November on a free-markets platform, wants Congress to approve a deal to pay $4.6 billion in cash to the biggest holders of defaulted debt.
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To prepare, investors pushed CLO managers to allow for the ability to swap out defaulted or deeply distressed assets with similar loans that offer better recoveries in the next downturn.
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The company, which grows wheat, barley, rapeseed, and linen among others, first defaulted on its debt in 2014 and has since agreed several amendments to bond terms with its creditors.
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He made a fortune in distressed sovereign debt, purchasing bonds from countries that appeared to be in financial trouble, watching as they defaulted, then suing in court for full repayment.
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With a hypothetical 43 percent default rate, the damage to a broad junk portfolio would be about 3.6 percentage points based on typical net losses on defaulted high-yield bonds.
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Banks met in Dubai on Wednesday as they seek to resolve the debt crisis that has rumbled on since al-Sanea's company Saad Group defaulted on its debt in 2009.
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The housing agency has managed the chain, Rosewood Care Centers, with the help of a court-appointed receiver since the previous owners defaulted on $146 million in government-guaranteed mortgages.
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SHANGHAI, Nov 19 (Reuters) - Shares in Tunghsu Optoelectronic Technology Co were suspended from trading on Tuesday, a day after the Chinese maker of electronic components defaulted on two debt instruments.
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The eviction process began in July 2018 when the landlord, Midwest Commercial Funding LLC, said Kelly defaulted on the lease by initially failing to pay more than $79,000 in rent.
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The eviction process began in July 2018 when the landlord, Midwest Commercial Funding LLC, said Kelly defaulted on the lease by initially failing to pay more than $79,63 in rent.
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The continent's prospects are nothing like as rosy as 2005, when Irish rocker Bob Geldof arm-twisted rich nations into writing off billions of dollars in defaulted African sovereign debt.
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"We've had a few setbacks lately, some may well think a spike in prices now could be a good time to get out," said the holder of defaulted Sudan debt.
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Most of the new operators sold what gas they could and then quickly defaulted, leaving landowners with idle wells, eroded and disrupted surface lands, noxious weeds, uncollected royalties and rentals.
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The St. Louis-headquartered company said in a quarterly earnings report released on Friday that it had defaulted on senior secured notes after failing to make a nearly $11.8 million payment.
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Investors accused Wells Fargo of having taken "virtually no action" to require lenders to buy back or fix defaulted or poorly underwritten loans that backed their securities, despite knowing of shortfalls.
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The U.S. Virgin Islands has "never been late on a payment, much less defaulted on a bond or loan agreement," Mapp said during his State of the Territory address in January.
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Macri also brought the country back into the international capital markets by settling protracted lawsuits brought by the holders of defaulted sovereign bonds left over from the country's 2001 financial meltdown.
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IPIC is locked in a dispute with Malaysian state fund 1MDB, after the Malaysian fund defaulted on interest payments for bonds which IPIC had guaranteed; IPIC is claiming about $6.5 billion.
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In November 2013, a Geneva auction of the stone fetched a world record $83 million but the buyer, New York-based diamond cutter Isaac Wolf, could not pay up and defaulted.
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The worst default rate in the country, for example, belonged in 2016 to Larry's Barber College in Chicago, where almost 50% of students had defaulted on their loans within three years.
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More troublingly, income-based repayment has done little to help borrowers who are already in default, including those who defaulted outside of the three-year window captured by the default rate.
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Argentina announced a US$10-$15 bln bond, whose proceeds will help pay off the holders of its defaulted bonds who had rejected the payment terms of the country's debt restructuring.
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The government also wants state-owned enterprises to take over running companies that have defaulted on loans made by all those state-owned banks (the default was often for good reason).
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Venezuela also faces U.S. financial sanctions and more than a dozen international arbitration cases by companies seeking compensation for nationalizations, and it has defaulted on billions of dollars in foreign debt.
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Fitch's assumptions are harsh and include housing-impaired-loan ratio reaching a high of 265% (end-June 26796: 27229%) and all defaulted housing loans have an 673% loan-to-value ratio.
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National Trust has now defaulted on the product, according to Tang and Gongyu Zhou, one of the eight investors, because Tianjin Iron and Steel is unable to pay back its loan.
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Earlier this month, court documents relating to Presley's ongoing divorce from Lockwood revealed she owes debts in a number of areas, including income taxes, a defaulted mortgage and credit card bills.
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Cuba reached a deal in December with members of Paris Club of creditor nations that forgave $8.5 billion of $11.1 billion official debt it had defaulted on through 1986, plus charges.
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In the statement it said the International Monetary Fund (IMF) had not Zambia undertake an independent debt audit and that it had also not defaulted on any of its eurobond payments.
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Chinese firms have defaulted at an "unprecedented" level this year, while the possibility of the U.K. leaving the European Union without a deal has hurt companies' prospects, according to the study.
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In a sign investors saw Rosselló's departure as a positive, some of Puerto Rico's defaulted general obligation bonds traded at their highest prices in three months in the U.S. Municipal Market.
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"As a result of these various flaws the ratings assigned were false, misleading and the applicants suffered large losses when the claimed SCDOs defaulted," Hutley told the Federal Court in Sydney.
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His firm has defaulted on millions of dollars in debt and has fallen way behind on payroll taxes, so the closing question tonight is, what are you trying to hide, Mikey?
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The bank feared if he defaulted, the bank would have to choose between not collecting on the debt, or attempting to seize the assets of the President of the United States.
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Puerto Rico defaulted on $779 million of constitutionally backed debt on July 1, among its most senior bonds, opting to pay for essential services for its citizens over obligations to creditors.
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Since taking over in December, Macri has been able to win Congress's approval for an agreement to pay hold-out creditors of defaulted Argentina debt, ending a decade of messy litigation.
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Those who struggle the most with debt actually take on very little - half of those who defaulted on their loans in 210 had less than $215,000 in student loans, Looney found.
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The blow to living standards is leading some to draw parallels with Russia's previous financial crisis in 1998, when the government defaulted and the rouble lost three-quarters of its value.
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Trump is making good on Republican campaign promises to get government out of the business of student lending, and recently lifted limits on fees debt collectors can charge some defaulted borrowers.
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Venezuela - the country with the largest oil reserves in the world - has defaulted on most of its $63 billion of debt as it has spiralled into its worst-ever economic crisis.
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So far this year, 10 issuers have defaulted on principal or interest payments on 17 bonds worth a total of 14.6 billion yuan ($2.29 billion), ratings agency Fitch said last week.
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The government estimates about 30 percent of FIES-backed students defaulted on their loans, contributing to a growing budget deficit that cost the country its investment-grade credit rating in 2015.
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In five of six recent public bankruptcies in which the debtor defaulted on bonds, pensioners walked away with full recovery, while bondholders took haircuts, according to data from Moody's Investors Service.
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If electric rates are low and stable, they would create a revenue stream that would allow the government to restructure the more than $9 billion of defaulted PREPA debt, she said.
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Venezuela - the country with the largest oil reserves in the world - has defaulted on most of its $63 billion of debt as it has spiraled into its worst-ever economic crisis.
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Sanea, ranked by Forbes in 2007 as one of the world's 100 richest people, was detained last year for unpaid debts dating back to 13 when his company, Saad Group, defaulted.
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Seven months after Reagan's Waldorf-Astoria speech, the Mexican government defaulted on its debts and was pressed by the International Monetary Fund into a program of austerity, privatization, and structural reform.
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I think because I defaulted into the withdrawn goth archetype at about 220 or 230, I separated myself from that because that's not my own natural go-to as a person.
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The events have also lifted prices in defaulted debt issued by the government and state oil company PDVSA, with many bondholders hoping they will see payday sooner than they had expected.
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