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741 Sentences With "defaulted on"

How to use defaulted on in a sentence? Find typical usage patterns (collocations)/phrases/context for "defaulted on" and check conjugation/comparative form for "defaulted on". Mastering all the usages of "defaulted on" from sentence examples published by news publications.

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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.
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.
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.
Puerto Rico has already defaulted on some of its bonds.
The republic may not have defaulted on its local debt.
Amid the flurry of checks coming in, Craftmaster defaulted on
He defaulted on both, per court documents, and JPM sued.
Boe submitted the first payment, then defaulted on two others.
GDB defaulted on $422 million of debt the following month.
A few months ago, you accidentally defaulted on a phone
"I don't think they will be defaulted on," he added.
No American territory had ever defaulted on so much debt.
That is to say, I defaulted on my student loans.
In 2001, Argentina defaulted on around $100 billion of debt.
It previously defaulted on its debts in 2001 and 2014.
Like many other Americans, he defaulted on the loan in 2009.
As a result, Argentina defaulted on the restructured bonds in 2014.
The bank defaulted on $422 million of debt the following month.
Back in 2001, Argentina defaulted on $132 billion of foreign debt.
Both of those places have defaulted on bonds in recent years.
Neoglory also defaulted on a commercial paper issue due Sept. 25.
The government has already defaulted on a small amount of debt.
While there, he was robbed and defaulted on an expensive design contract.
In July, PREPA defaulted on a $170 million interest payment to bondholders.
Failing to anticipate the slowdown, thousands of firms defaulted on their loans.
Prato defaulted on the final swap - an interest rate collar - in 2010.
Now the money's run out, though, and he's defaulted on his mortgage.
Argentina defaulted on roughly $100 billion in sovereign debt in early 2002.
Some firms have defaulted on debt as they cannot roll over loans.
It said that I had never, not once, defaulted on any loans.
Maduro's cash-strapped government defaulted on its dollar-based bonds in 2017.
Hit by a serious revenue shortfall, the institution defaulted on its loan.
Borrowers have defaulted on billions of dollars in private student loan debt.
Investors have not forgotten that Mr Correa defaulted on bonds in 2008.
In 1978 after Cleveland defaulted on some debt, Ohio lent it money.
Then in 2008, the country defaulted on some $3 billion worth of debt.
In July, the territory defaulted on $779 million of its most senior debt.
Donors and the IMF suspended financial aid and Mozambique defaulted on its debt.
Earlier in the year, the company missed interests payments and defaulted on debt.
A couple of weeks later it had defaulted on several payments to creditors.
The once-buoyant economy sank and Mozambique defaulted on its debt last year.
On May 723nd the American territory defaulted on a debt payment of $422m.
A tiny but growing number of Chinese companies have defaulted on their loans.
A tiny but growing number of Chinese companies have defaulted on their debt.
The latest owner defaulted on his loan, transferring the cave to Houston investors.
Mr. Beninati's project defaulted on its high-interest loans and fell into bankruptcy.
Chinese corporate borrowers have defaulted on nearly $7063 billion in loans this year.
The firm had previously defaulted on a separate short term bill in February.
A year later, in 2004, Trump Hotels & Casino Resorts defaulted on the bonds.
Just two weeks before the festival, the company defaulted on a $25 million loan.
Russian Standard Ltd defaulted on a Eurobond coupon payment which was due on Oct.
Uruguay's most recent economic disaster was in 3.53, after Argentina defaulted on its debt.
TSI never turned a profit and by 2522 it had defaulted on its loans.
The territory defaulted on its debt in 2015 and filed for bankruptcy in 2017.
When homeowners defaulted on their mortgages, the securities lost considerable value or became worthless.
We defaulted on the bills and she suffered adverse effects on her credit report.
Instagram users will see the "Hide Offensive Comments" setting defaulted on in their settings.
Puerto Rico has defaulted on $1.375 billion in principal and interest on its debt.
Since the presidential restrictions last summer, his company has defaulted on the plane's lease.
For its part, Turner says that Nastasi defaulted on three separate, non-Bloomberg jobs.
The island has already defaulted on one payment, with another payment due in July.
In fact, no state has defaulted on its debt since Arkansas in the 2628s.
But the buyer defaulted on the deal, so it came back up for auction.
Debt ballooned, and in 1982 Mexico defaulted on its debts, with others to follow.
By 2018, she had defaulted on her mortgage on the townhouse, public records indicate.
Another lender began foreclosure proceedings after he defaulted on a separate loan for nearly $700,000.
More recently Evergreen Holding Group defaulted on a separate short-term issue in mid May.
Compared with Ms Fernández, who defaulted on Argentina's debt, Mr Fernández is a pragmatic moderate.
They have defaulted on their mortgage, missed payments, and even gone a week without power.
Two other, smaller Kazakh banks, have defaulted on their obligations over the last three months.
More than 16 percent of those parent borrowers defaulted on their debt within five years.
If they fell behind on payments and defaulted on the mortgage, so much the better.
To pay for the loans he defaulted on, Pelletier opened more accounts and kept borrowing.
Even large non-financial firms could destabilise offshore finance if they defaulted on dollar debt.
On May 1st Hovnanian paid other bondholders but defaulted on those held by the subsidiary.
The government estimates about 30 percent of the students have defaulted on their Fies loans.
Trump defaulted on his loans to open the Taj within six months of its opening.
It is trying to restructure its $70 billion debt and has defaulted on some payments.
Reliance-ADAG stocks saw selling pressure after Reliance Communications defaulted on dollar bond interest payments.
Argentina, which defaulted on $1.3 billion in debt in 2014, trades the most with Brazil.
Correa's government in 2008 defaulted on debt with a similar yield, calling the value unfair.
The broadcaster did not confirm or deny having defaulted on the loan in court papers.
The four Maryland residents had defaulted on car loans and had sought to sue Santander.
The territory defaulted on its debt in 2015 and then filed for bankruptcy in 2017.
Rcom defaulted on the coupon payment on its USD300 million bond on 6 November 2017.
It is suffering from a huge debt buildup and has already defaulted on some borrowings.
With fewer doctors generating revenue, and bills piling up, the practice defaulted on its loan.
Newland defaulted on its debt soon after the building opened and later filed for bankruptcy.
Trump Airlines failed; the president defaulted on the loans he took out to buy it.
It was during the economic recession, and the previous owner had defaulted on his loans.
A union-sponsored survey found a third of teachers have defaulted on their student loans.
The legal battle harks back to 2001, when Argentina defaulted on billions of dollars in debt.
The island has already defaulted on smaller amounts and is being sued by the affected creditors.
Maduro's government had remained current on that bond even as it defaulted on most other debt.
With new loans drying up, the company ran out of cash and defaulted on two repayments.
Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
The island is trying to restructure its $70 billion debt and has defaulted on some payments.
It also said it had defaulted on the interest payments due on two non-convertible debentures.
The island has around $70 billion of debt and has defaulted on some of its borrowings.
Grass encroaches on the lot of a textile company that defaulted on a bond last year.
It had defaulted on its bonds four times and restructured foreign loans eight times since 1981.
The firm, owned by the Liaoning provincial government, has already defaulted on multiple bonds in 2016.
Questions have also lingered over whether PDVSA had defaulted on $1.1 billion in principal due Nov.
Lebanon has never defaulted on its external debt, despite frequent bouts of political and security instability.
The number of Americans who have defaulted on their student loans has reached a new high.
"They've defaulted on their borrowing covenants but they're not struggling to repay their debts," he said.
Last year, the government took control of Infrastructure Leasing & Financial Services after it defaulted on debt.
Its troubles began to snowball last July, when Puerto Rico defaulted on most of its debts.
Reuters calculations show six state-owned firms and 42 private companies defaulted on payments this year.
The fight began after Argentina defaulted on about $92 billion worth of sovereign debt in December 2001.
It defaulted on a series of bonds and in 2010 it restructured 7.4 billion shekels of debt.
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.
The 1998 financial crisis, when the Russian government defaulted on its debts, wiped out many families' savings.
He's also being sued for $6.6 million by another creditor who claims he defaulted on a loan.
The U.S. territory has about $70 billion of debt and has defaulted on some of its borrowings.
The U.S. territory has defaulted on some debt and is trying to persuade creditors to take concessions.
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.
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.
Ultimately, Mr. Sternberg's company defaulted on the loan and Mr. Sternberg himself walked away from the Band.
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.
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.
The previous owners had defaulted on a loan after pouring money into an unsuccessful real estate project.
Having defaulted on its debt, Ecuador pays close to double-digit rates to borrow, largely from Chinese lenders.
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.
His income dropped to about $540 a month this year and he defaulted on his taxi loan payments.
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.
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.
"Even when the Philippines was cash-strapped, it had never defaulted on any of its loans," said Dominguez.
Puerto Rico has already defaulted on some debt and is trying to persuade its creditors to take concessions.
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.
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.
The ad then rewinds to October 2017, to show what would happen if Trump defaulted on U.S. debt.
Puerto Rico recently defaulted on a major payment – leading to the first of likely many more creditor lawsuits.
The holdouts refused to participate in Argentina's restructurings after it defaulted on $100 billion of debt in 2001.
A lower court had dismissed the case brought by four Maryland residents who had defaulted on car loans.
And the companies that own Jet's airplanes have been repossessing them after the company defaulted on lease payments.
The company hasn't been able to service its debt and it has defaulted on its obligations several times.
Congress has never let funding for SNAP run out to the point where the program defaulted on benefits.
PDVSA defaulted on some of its bonds in 2017 and on the rest of its bonds in 2019.
With little skin in the game, once prices fell homeowners simply defaulted on their obligations and walked away.
Congo defaulted on its external debt in 1985, but did not reach a settlement with Kensington until 2008.
He had also defaulted on the $411,000 mortgage on the home where he shot his wife, the documents said.
The island has struggled to keep paying that type of debt, even as it has defaulted on other bonds.
As reserves of foreign exchange plummeted, in 20173 he partially defaulted on bonds issued by PDVSA and the government.
The state and firms it owns have defaulted on more than $11bn of principal and interest due on bonds.
The only other time was in 24.5, when the country defaulted on its foreign debt and the economy collapsed.
The U.S. territory has defaulted on some of its debt and is trying to persuade creditors to take concessions.
Credit ratings agency Moody's warned of more output declines if oil producers defaulted on debt because of low prices.
Standard & Poor's downgraded it to D after it defaulted on the bonds and interest owed in November last year.
In 1998, Russia defaulted on $40 billion in debt, causing the ruble to plummet and Russian banks to close.
At the end of February, its unit Shandong Shanshui Cement defaulted on a 1 billion yuan ($146 million) bond.
Kabila defaulted on that promise, and sparked the bloody conflict that came to be called Africa's First World War.
Businessman Manuel "Matty" Moroun bought the building in the mid-1990s after a previous owner defaulted on a loan.
The island has already defaulted on about $221 million of debt, prompting lawsuits by some of the affected creditors.
The downgrade comes one day after the Puerto Rico Infrastructure Financing Authority defaulted on a $35.9 million interest payment.
Nearly 11% of borrowers who entered repayment in 2015 defaulted on their loans within three years, according to government data.
So far this year companies have defaulted on 135bn yuan ($20bn) of bonds, more than triple the previous annual record.
Pacific Exploration and Production Corp defaulted on $3.7 billion in debt and Paragon Offshore PLC on $2.3 billion, she said.
It has defaulted on most of its debt and its domestic facilities are regularly robbed by staff and roaming gangs.
The country has been locked out of the global bond market since it defaulted on its sovereign debt in 2002.
Another investor, EHL Funding, filed suit Thursday alleging the company had defaulted on a $3 million loan issued April 10.
Work on the huge project ground to a standstill last year after its owner defaulted on payments to his bankers.
By the same token, if Swedes ever defaulted on their mortgages in large numbers, Swedbank would be in big trouble.
On Monday, those creditors went away mostly empty handed, as Puerto Rico defaulted on a whopping $400 million debt payment.
That effort came two days after the CLO defaulted on some notes, forcing MBIA to make a $149 million payment.
Once fast-growing, CEFC defaulted on bonds last year and its former chairman Ye was put under investigation by authorities.
But the figures are not strictly comparable because African governments had defaulted on those debts and were not paying interest.
It said in December 2017 it defaulted on a principal payment of 24.4 million dirhams related to the restructured debt.
Countries around the world that engaged in unsustainable spending and borrowing, like Argentina and Greece, have defaulted on their debt.
Just months after the Trump Taj Mahal opened in 1990 in Atlantic City, for example, he defaulted on the debt.
Par La Ville defaulted on the loan and, as of now, the CoH (the guarantor) has failed to repay it.
Unable to get the extra money, 38 Studios defaulted on the loan without producing the video game, the SEC said.
Warren is on the right track in reminding voters that Trump defaulted on his promise to help the middle class.
Mr. Correa's leftist government in 2008 defaulted on debt with a similar yield, calling bondholders "monsters" and the value unfair.
If that trend continues by the end of this year we're gonna have 12 million people defaulted on their loans.
Not incidentally, France repeatedly defaulted on its debt, while post-1688 England, its king effectively constrained by Parliament, never did.
The island defaulted on $422 million of debt payments on May 1 and faces a $2 billion payment in July.
If they don't submit the requisite fees, they would be deemed to have breached and defaulted on their arbitration agreement.
The commonwealth government defaulted on $174 million in payments due in January, with more than $2.4 billion due this year.
Caracas' cash-strapped government has recently defaulted on its bondholders and is currently facing the prospect of further U.S. sanctions.
So far this year, 16 companies have defaulted on payments on 34 corporate bonds worth 37.5 billion yuan as of Aug.
Meanwhile, Kemp fended off accusations that his office mishandled confidential voter data and that he personally defaulted on a $220,21 loan.
AHAB, which denies knowledge of the scheme, collapsed after TIBC defaulted on a foreign exchange deal with Deutsche Bank in 2009.
In 1982, after a rise in interest rates in the United States, Chile defaulted on its debts and the economy slumped.
Last month the government took over IL&FS, a large infrastructure lender, after it defaulted on debt payments, chilling commercial credit.
Puerto Rico has already defaulted on some of its debt and faces an overall bill of $70 billion it cannot pay.
Another importer said five of his containers were defaulted on after his company refused to pay more than the contracted price.
LIQUIDITY The company defaulted on its bond interest payment in August 2017 because of critical liquidity and an unsustainable capital structure.
During the Obama administration, 8.7 million Americans defaulted on their student loans — a rate of approximately one default every 29 seconds.
They often offer high rates of return but the holders take on most of the risk of loans being defaulted on.
She also says she has a house in the U.K. she's desperately trying to unload because she's defaulted on the mortgage.
IL&FS defaulted on some debt it owes banks in recent weeks, and its credit rating has been downgraded to junk.
It defaulted on $85033 million in payments May 1 and is expected to default on $2 billion more on July 1.
This culminated last year when the Commonwealth defaulted on $75 billion of debt, including debt that is protected under its Constitution.
Venezuela's Electricidad de Caracas — a state-owned electric company — has defaulted on a $650 million bond payment, Wilmington Trust said Friday.
To give a historical example, when the Russian government defaulted on bonds in 1998, the U.S. financial system was hit hard.
Its latest default comes after it defaulted on interest payments due on a 2.5 billion yuan perpetual bond on June 21.
The Recovery Act was a needed down payment on recovery, but a Republican Congress defaulted on the rest of this payment.
Trump had defaulted on loans multiple times, and nearly every bank in the U.S. refused to finance deals bearing his name.
That brought back painful memories of 280, when Argentina defaulted on $22001 billion worth of sovereign debt, the largest on record.
Puerto Rico's struggles hit a new stage of urgency on Monday, when it defaulted on roughly $85033 million in debt payments.
In March, the consortium that owns the plant nearly defaulted on a contract with Pacific Gas & Electric, the Northern California utility.
The Iron Bank of Braavos would certainly be well-positioned to use this service if any ruler defaulted on a loan.
Then in 803, he defaulted on $280 billion of his country's foreign debt and invited China to fill in the breach.
That has crimped the energy company's ability to refinance $50 billion in bonds that it has defaulted on since last year.
Navient, the lawsuit said, inaccurately told credit reporting companies that veterans taking advantage of this program had defaulted on their loans.
In July, the huge, government-owned power authority defaulted on a deal to restructure $9 billion in debt, effectively declaring bankruptcy.
If Greece defaulted on its debt, it could set off an economic crisis, reviving fears about the future of the eurozone.
But economists expressed doubts that Venezuela's cash-strapped government, which faces U.S. sanctions and has defaulted on its bondholders, would succeed.
But The New York Times has found that these agreements were reached shortly before, or even after, customers defaulted on mortgages.
The rules allow financial as well as business creditors to trigger bankruptcy proceedings against a company which has defaulted on payments.
It was in early January that the Memorial Fund defaulted on $25 million in institutional bonds that were helping fund the place.
After Baoshang defaulted on its interbank obligations, it became very hard for smaller banks to convince larger ones that they were safe.
While the island has defaulted on small debt payments in the past, a default at GDB would be the most serious yet.
Greece, with an economy the size of Connecticut, defaulted on its rather meager debt and dragged down Europe and stunted global growth.
The Russians defaulted on their debt the following summer due to a reduction in oil revenue largely caused by the Asian crisis.
The ruling caps years of bitter legal wrangling that goes back to 2001, when Argentina defaulted on nearly $100 billion of bonds.
Its Hong Kong unit late on Thursday denied a Financial Times report it had defaulted on a Hong Kong-traded yuan bond.
Rival Dong Fang Cheng An also cited a poor funding environment when it defaulted on a series of NPL products in December.
Puerto Rico has already defaulted on some debt payments, and the current governor has said it simply can't pay all its bills.
Two years later, after failing to reach an agreement with Elliott before a crucial deadline, Argentina defaulted on its debt once again.
After he defaulted on a loan, Jackson entered Neverland into an ownership agreement with private investment firm Colony Capital for $23 million.
As the debt level has risen, so has the number of borrowers who have fallen behind or defaulted on what they owe.
In a further complication, 1MDB defaulted on the bonds, leaving Malaysia and Abu Dhabi arguing over who would pick up the tab.
While several state-owned issuers have defaulted on their obligations, investors have yet to suffer heavy principal losses on a public bond.
Russia was hit by a financial crisis in 2248, and the country defaulted on its debt, sending the economy into a tailspin.
One section of the investment-banking unit ended its relationship with Trump in 2004, after Trump Hotels & Casino Resorts defaulted on bonds.
The funds, led by billionaire Paul Singer's Elliott Management, are suing Argentina for full repayment of debt the country defaulted on in 2002.
In September IL&FS, a financial firm that owns and finances roads and power plants, defaulted on some of its $2100bn of debt.
The country has been shunned by the international capital markets since it defaulted on about a billion dollars in sovereign debt in 2002.
Sceptics noted that Argentina had defaulted on its debts six times in the previous century, with the most recent such upset in 2014.
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.
Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
Creditors have been pursuing AHAB and Saad Group, another Saudi conglomerate, since they defaulted on about $22 billion in combined debt in 2009.
Ratings agency Standard & Poor's says Venezuela has defaulted on its debt after it failed to make payments due on some of its bonds.
S&P Global declared Tuesday that Venezuela had defaulted on its debts after missing a $200 million interest payment to global bond investors.
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.
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.
Noble booked a $4.9 billion loss in 2017, despite a broad commodity market recovery, and then defaulted on its debt in March 2018.
"The firm's operations are normal and globally we have not defaulted on any loans," Wanda wrote in a statement posted on its website.
Puerto Rico has already defaulted on some of its debt and most likely will miss several big bond payments in May and July.
In one especially outrageous case, a nurse in Tennessee defaulted on her loans after epileptic seizures made it impossible for her to work.
Chinese issuers defaulted on payments on bonds worth more than 130 billion yuan in 2019, S&P said, topping the previous year's record.
SALIC has agreed to buy Ukrainian farming company Mriya, which defaulted on its debts in 2014 and then went through a debt restructuring.
One firm inaccurately told borrowers that they could lose access to federal support programs, like food stamps, if they defaulted on their loans.
The federal government has been in charge of a chain of Illinois nursing homes that defaulted on mortgages backed by a government program.
If SunEdison defaulted on the loan, it would have caused a cross-default on $8 billion in SunEdison debt, according to the lawsuit.
In Argentina, the president, Cristina Fernández de Kirchner, turned to China in 2014 after her government defaulted on $100 billion of international debt.
In April, Dina had her New York home foreclosed on after she defaulted on her mortgage and failed to respond to the foreclosure lawsuit.
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.
Jet has delayed payments to its pilots, suppliers and lessors for months and defaulted on loans after racking up over $1 billion in debt.
Argentina has defaulted on its debts six times in the past century, but still easily found buyers for a 100-year bond in June.
Though she has defaulted on her loans and deferred some of her payments, the end of this ordeal is still out of her reach.
Recent statistics show that 75% of black students who had dropped out of for-profit colleges had defaulted on their loans 12 years later.
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.
The company has also defaulted on its debt obligations, roiling Indian markets and sparking worries of a credit crunch in the shadow financing sector.
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.
Earlier this month, the creditor of a property firm owned by the Tianjin municipal government said the company had defaulted on two trust loans.
Last week, Jet said it had defaulted on debt payment to a consortium of Indian banks, prompting ratings agency ICRA to downgrade the carrier.
Jet has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking up more than $1 billion in debt.
Santiago Domenech, a general contractor with $270 million of his savings tied up in bonds Puerto Rico just defaulted on, once had 2300 employees.
The former British colony finances its entire budget from taxes after international financial institutions stopped lending in 2000 after Zimbabwe defaulted on its debt.
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.
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.
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.
Some state-owned businesses have defaulted on bond payments, suggesting that the government will not prop up failing companies in perpetuity, which is encouraging.
Malvern Group is partly owned by Indian tour operator Cox & Kings Ltd, which is under severe financial stress and has defaulted on debt repayments.
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.
For the first time, Puerto Rico defaulted on general-obligation bonds, which are supposed to have rock-solid constitutional guarantees of repayments to creditors.
The island defaulted on $422 million in debt payments on May 1 and faces a $85033 billion default on July 1 without legislative intervention.
Venezuela has defaulted on its external obligations, including enormous sums owed to China and Russia, which will no doubt try to protect their claims.
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.
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.
Argentina has defaulted on its sovereign debt eight times since independence in 1816, most recently in 2014 when Ms Fernández clashed with hedge funds.
Tens of thousands of people who have defaulted on their private student loans may have their debt wiped away because important paperwork is missing.
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.
Santiago Domenech, a general contractor with $250 million of his savings tied up in bonds Puerto Rico just defaulted on, once had 263 employees.
SHANGHAI, Sept 26 (Reuters) - Chinese apparel and accessories retailer Neoglory Holdings Group has defaulted on payments on an exchange-traded bond, the company said.
Mr. Kalikow took over the project after the original developer, Joseph P. Beninati, defaulted on a total of $147 million in loans from Gamma.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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,
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.
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.
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.
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.
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.
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.
" 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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!
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
As of early June, 12 companies had defaulted on principal or interest payments on 19 bonds worth a total of 17.4 billion yuan this year, according to data compiled by Reuters.
The city of Des Moines took away an affordable housing loan to Whitaker's company related to the project, and Whitaker defaulted on a separate loan for nearly $700,85033, the AP reported.
Many lenders have ramped up reserves in recent months, concerned by the increasing number of energy companies that have gone bankrupt and defaulted on loans as oil prices stay stubbornly low.
India's second-largest carrier has delayed payments to its pilots, suppliers and lessors for months and defaulted on loans, as it battles intensifying competition, a weak rupee and rising fuel costs.
"Trump Shuttle 'ran out of cash and defaulted on its debt in September 1990,'" Conway tweeted, linking to the Wikipedia entry on the airline owned by Trump from 1989 to 1992.
As recently as 2011, the museum was in crisis, having defaulted on nearly $32 million in bonds used to finance a flagship building on West 53rd Street that opened in 2001.
But many of those companies that borrowed money from the shadow lenders defaulted on payments, and left the NBFCs unable to service loans they took from the banks and mutual funds.
But Trump is not known to have defaulted on any of his recent loans or otherwise burdened the bank with large losses; in fact, the overall relationship appears to be profitable.
The process of eviction began in July 2018 when the landlord, Midwest Commercial Funding LLC, said Kelly defaulted on the lease by initially failing to pay rent of more than $79,000.
In May, Brazil said it would continue to insist Venezuela and Mozambique pay back nearly 1 billion reais ($281.05 million) in loans they defaulted on to BNDES and Switzerland's Credit Suisse.
A record 260% of privately owned companies defaulted on yuan debt payments in the first 2.953 months of the year, compared with 22.95% for the whole of 21, according to Fitch.
While Petroleos Mexicanos, as Pemex is formally known, has never defaulted on its debt, a potential downgrade could cause its financing costs to spike and inflict damage on the broader economy.
The Indian Ocean island, rich in underwater reefs and postcard-perfect beaches, defaulted on its debt in 6503 and clawed its way back to prosperity with assistance from the International Monetary Fund.
The company hopes the move will help to bring a conclusion to creditor talks that have rumbled on since AHAB and Saad Group defaulted on about $22 billion of debt in 2009.
Many Argentines blame IMF-imposed austerity measures for worsening the crisis, which impoverished millions and turned Argentina into a global pariah after the government defaulted on a record $100 billion in debt.
Many here blame IMF-imposed austerity measures for worsening that crisis, which impoverished millions and turned Argentina into a global pariah after the government defaulted on a record $227 billion in debt.
Puerto Rico defaulted on about $174 million of debt payments on Monday, as planned, stripping cash away from its lower-ranked creditors so that higher-ranked creditors could be paid in full.
It is part of a wider attempt to strengthen the independence of a body that ultimately determines whether entities have defaulted on their liabilities and whether credit default swaps should pay out.
Wonderlich says that he's been in contact with people who work on political reform in the Ukraine and economic reform in Argentina—when the country defaulted on its national debt—for guidance.
Already it has defaulted on most of its debt and is short of money to buy the loyalty of the armed forces, maintain oil production and import enough to feed 260m Venezuelans.
Puerto Rico defaulted on May 1 for a third time on some of its debt, missing a roughly $400 million payment owed by the Government Development Bank, the island's main fiscal agent.
The manufacturer of coal and natural gas chemicals defaulted on the note as it was unable to make full payment on time, it said in a filing to the Shanghai Clearing House.
IL&FS, a major infrastructure financing and construction company, defaulted on some of its debt obligations in recent weeks triggering wider concerns about risk in the rest of the country's financial sector.
The building was developed by Talon International Inc, which later defaulted on a construction loan, and the property was bought in a court-run sale by JCF Capital ULC earlier this year.
SHANGHAI, Sept 5 (Reuters) - Unlisted Dongbei Special Steel Group Co Ltd, having defaulted on several bonds earlier this year, said on Monday it would delay the disclosure of its interim financial information.
The agreement was reached after the Malaysian fund defaulted on its bonds in 21, sparking a dispute with IPIC, which asked a London court to arbitrate a claim totaling some $13 billion.
The Indian government took control of IL&FS late last year after it defaulted on some of its debt, triggering wider concerns about risk in the rest of the country's financial system.
But some industry officials have questioned the quality of those pledged assets, and whether the lenders would be able to raise money against those in case borrowers defaulted on their repayment obligations.
Shannon Otto of Nashville, Tennessee had her professional license suspended by Tennessee's Board of Nursing because she defaulted on her loans while she was paying off medical expenses related to recurring seizures.
Dongbei Special Steel, owned by the Liaoning provincial government in China's northeast rust belt, said on Monday it had defaulted on a one-year bond, marking the firm's ninth default this year.
Dongbei Special Steel Group, based in the northeastern port city of Dalian, has defaulted on its bonds multiple times since its chairman, Yang Hua, was found hanged in his home last month.
Legumex Walker, renamed LWP Capital Inc, built the plant, but said in September it expected to sell the facility and wind down the company, after PCC defaulted on a $54.6 million loan.
Freedom Mortgage Corp has been hit with a proposed class action accusing it of charging thousands of borrowers across the country fees for unnecessary home inspections after they defaulted on their loans.
The agreement was reached after the Malaysian fund defaulted on its bonds in 21, sparking a dispute with IPIC, which asked a London court to arbitrate a claim totalling some $6.5 billion.
Data compiled by Reuters from regulatory filings shows that nearly 50 corporate issuers had defaulted on payments on bonds with a principal value of almost 100 billion yuan as of Dec. 3.
Any deal would provide a breakthrough to the kingdom's biggest debt row that has dragged on since AHAB and another firm, Saad Group, defaulted on about $22 billion of debt in 2009.
Data compiled by Reuters shows that 45 corporate issuers had defaulted on interest or principal payments on bonds with total principal value of 85.16 billion yuan ($12.12 billion) as of Nov. 12.
As of the end of September, 25 corporate issuers had defaulted on payments for 52 onshore bonds worth a total of 60.6 billion yuan ($8.76 billion), according to data compiled by Reuters.
Many here blame IMF-imposed austerity measures for worsening that crisis, which impoverished millions and turned Argentina into a global pariah after the government defaulted on a record $143 billion in debt.
In November 2013, the mixed-cut diamond apparently sold for $83 million at a Geneva auction, but Sotheby's said the buyer, the New York-based diamond cutter Isaac Wolf, defaulted on payment.
The HIBOR plunge comes on the same day the Financial Times reported that the Hong Kong unit of state-owned brokerage Guosen Securities had defaulted on an offshore yuan bond in Hong Kong.
Black borrowers have higher rates of default Nearly half of African-American students defaulted on a federal student loan within 12 years of entering college, according to the Center for American Progress report.
These markets were hardest hit during the housing crash more than 10 years ago, as thousands of homes were purchased by flippers, who were using subprime mortgages and later defaulted on their loans.
The Indian government this month took control of IL&FS, a major infrastructure financing and development company, after it defaulted on some of its debt, triggering fears of contagion across India's financial system.
BUENOS AIRES (Reuters) - Argentina presented a proposal on Friday to creditors to end their battle in U.S. courts over debt the country defaulted on in 2002, the Finance Ministry said in a statement.
Go back far enough, however, and it is possible to find political events with huge financial ramifications—after revolutions in their countries, the Russian and Chinese governments defaulted on their debts, for example.
The number of people who have defaulted on their federal student loans increased 17 percent from 20163 to 2016, according to a Consumer Federation of America analysis of U.S. Department of Education data.
The Yunnan provincial government also is set to inject 2 billion yuan in the state-owned investment company, which defaulted on the two trust loans last month, according to Liu of Yunnan Capital.
PIFSS said it would see through "till the end" a petition filed in the Cayman Islands for the liquidation and winding up of Abraaj Holdings after it defaulted on a $100 million loan.
The number of people who have defaulted on their federal student loans increased 113 percent from 2015 to 2016, according to a Consumer Federation of America analysis of U.S. Department of Education data.
Garcia Padilla previously declared a state of emergency at the Government Development Bank, Puerto Rico's primary fiscal agent, before the bank defaulted on most of a $422 million debt payment earlier this month.
The group was tasked with unearthing fraud following the 2007-2009 financial crisis, including fraud related to toxic mortgage securities that were sold to investors and soured as homeowners defaulted on their mortgages.
The Indian government took control of IL&FS, a major infrastructure financing and development company, this month after it defaulted on some of its debt, triggering fears of contagion across India's financial system.
The number of people who have defaulted on their federal student loans increased 17 percent from 2015 to 2016, according to a Consumer Federation of America analysis of U.S. Department of Education data.
Four Maryland residents who defaulted on car loans filed the class action in 2012 in federal court alleging violations of the debt collection law, such as misrepresenting debt loads and bypassing debtors' lawyers.
Over the next two years, Hermitage's portfolio grew to more than a billion dollars, but it was nearly wiped out in August, 1998, when Russia defaulted on its sovereign debt, causing widespread panic.
For several weeks this year, she was forced to use candles and paraffin when the whole area's power supply was cut off after a high proportion of residents defaulted on their electricity payments.
In addition, Fitch Ratings said last week that a record high of 4.9% of China's private issuers defaulted on onshore bond payments — or yuan-denominated bonds — in the first 11 months of 2019.
The airline on Tuesday said it had defaulted on debt payment to a consortium of Indian banks, led by SBI, prompting ratings agency ICRA to downgrade the carrier and send its shares sharply lower.
" In a statement, the family said that it "has plenty of cash and no debt, unlike Integrated Whale, which defaulted on its debts to the family only a few weeks after the deal closed.
Mr. Manning insists he has defaulted on purpose, based on his conviction that Atlah should be allowed the same relief as other city religious institutions, and not be required to pay for those services.
SHANGHAI (Reuters) - Dongbei Special Steel Group Co Ltd said on Monday it had defaulted on a one-year bond, the latest in a string of missed payments this year by the unlisted Chinese steelmaker.
While Venezuela has been crippled by an economic crisis and has defaulted on tens of billions of dollars of debt, it has struck deals to protect Citgo's refineries, a key destination for Venezuela's crude.
Under Maduro's government, the oil-rich nation has defaulted on most of its $63 billion of debt as it has spiraled into its worst-ever economic crisis, with rampant hyperinflation and a food shortage.
Things got really bad in 2015, when Puerto Rico defaulted on its monthly debt for the first time, and in 2017, when Puerto Rico filed for bankruptcy -- the largest US municipal bankruptcy in history.
This year, 221 Chinese onshore corporate issuers have defaulted on interest or principal payments on 25 bonds with a total principal value of 224 billion yuan ($20173 billion), according to data compiled by Reuters.
The U.S. commonwealth, with a $70 billion debt burden, has defaulted on a number of its bonds and is in the process of having a federal oversight board installed to oversee its financial restructuring.
"They are promises that have to be paid — they will either be paid by higher taxes or they'll be not paid and defaulted on," Dalio told CNBC at the Greenwich Economic Forum on Tuesday.
The justices, both liberal and conservative, seemed to suggest that the law is not as elastic as the plaintiffs in the case - car buyers who defaulted on their auto loans - want it to be.
The ruling gives relief to several companies, especially power companies, who have defaulted on loans due to issues with coal and gas supplies or problems tied to state governments not honoring power purchase agreements.
The bipartisan proposal came after a November report by The New York Times revealed that 20 states had laws allowing government agencies to seize licenses from residents who had defaulted on their education debts.
Gustavo Medeiros, Ashmore's deputy head of research, said data for the last 200 years showed when an emerging market government defaulted on its debt, investors on average got around 69% of their money back.
In one case, a consultant mailed forbearance applications to past-due borrowers, along with a letter incorrectly stating that they could lose federal benefits like food assistance if they defaulted on their student loans.
Then, in 2006, Tishman Speyer Properties and BlackRock Realty bought the complex for $5.4 billion — the biggest real estate deal in American history at the time — and defaulted on their mortgage four years later.
Memories are still fresh of the collapse of 2001-02, when after a slump the country defaulted on its debts, savings were frozen, the economy contracted by 15% and the poverty rate reached 20013%.
But banks' profits have begun to suffer from the impact of lower oil prices in recent months as liquidity has tightened, government deposits have fallen and some small businesses have defaulted on their debt.
Since the late 1990s, Deutsche Bank has been the only major Wall Street bank willing to do business with Mr. Trump, whose companies have defaulted on loans and filed for bankruptcy on multiple occasions.
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, Alexandra Stevenson and Jonathan Gilbert report in DealBook.
SHANGHAI (Reuters) - Ratings agency China Chengxin International on Friday downgraded CEFC Shanghai International Group Ltd by a notch to its lowest rating of "C" after the company defaulted on bond interest payments due June 21.
CARACAS (Reuters) - Venezuela's cash-strapped leftist government has defaulted on sovereign debt and bonds issued by state oil firm PDVSA after failing to make timely payments, a New York-based derivatives group ruled on Thursday.
Atradius said it was standard procedure to cut limits for firms facing a liquidity squeeze, or those that had bounced cheques, defaulted on bank loans, filed for protection from creditors or faced negative net capital.
The company was able to use profits from other growing businesses such as home health, hospice and outpatient rehab to help meet the rent until April 2017, when it defaulted on a prior credit facility.
Jen's words reminded me of something Frotman had told me — that we often think the only people suffering under student debt are those who have defaulted on their loans, or have fallen behind on payments.
In "The Merchant of Venice" Portia saves Antonio by arguing that though he agreed to forfeit a pound of flesh to Shylock if he defaulted on a loan, he did not agree to lose blood.
BUENOS AIRES, Feb 5 (Reuters) - Argentina presented a proposal on Friday to creditors to end their battle in U.S. courts over debt the country defaulted on in 2002, the Finance Ministry said in a statement.
After TIBC defaulted on a foreign exchange deal with Deutsche Bank in 2009, AHAB – which denies knowledge of the scheme – collapsed, along with another Saudi conglomerate Saad, leaving an estimated $22 billion in unpaid debts.
On Tuesday, HNA unit CWT International Ltd said it had defaulted on a HK$1.4 billion ($179 million) loan and had less than 24 hours to pay funds due or lose assets pledged as collateral.
Cash-strapped Jet early in the month said it had defaulted on debt payments to a consortium of Indian banks and that it was in talks with the consortium led by State Bank of India .
That was a day before the island defaulted on nearly $1 billion of principal and interest owed to its creditors — including holders of the island's general obligation bonds, which carry a constitutional guarantee on payment.
The United States almost defaulted on its debts, which would have plunged the entire world economy into a financial crisis and destroyed hundreds of billions if not trillions in wealth and caused needless human misery.
PPTV also took over the remainder of a 2-year rights deal to show Chinese Super League matches from sports media firm LeSports, which defaulted on payments due to debt problems at its parent company.
Fed policymakers held a previously unscheduled video conference to discuss how the central bank would respond if the U.S. government defaulted on its debt as a result of Congress' refusal to raise the debt ceiling.
According to records collected by The New York Times, firefighters, nurses, teachers, lawyers, massage therapists, barbers, psychologists and real estate brokers have all had their professional credentials suspended because they defaulted on their student loans.
IPIC claimed the fund defaulted on $1.1 billion in repayments in 2016 and Malaysia's then-government agreed to pay the UAE investment fund, a settlement which has since been challenged by the country's new government.
In 1991, the yacht in question was repossessed by the Boston Safe Deposit and Trust Company, a subsidiary of the Boston Company, itself a subsidiary of Shearson Lehman Brothers, when Trump defaulted on a loan.
Detroit's rating, which had tumbled deep into junk at Caa3 as the city defaulted on bonds and headed for bankruptcy court in 2013, is now four notches below the low-investment grade level of Baa3.
Shares of Yes Bank Ltd finished the session 8.3% lower on report that Mumbai-based real estate company Radius Developers defaulted on scheduled interest payments on 12 bln rupees ($174.07 mln) loan to the lender.
Some issuers have missed payments, such as Hohhot Economic and Technological Development Zone Investment Development Group, a state-owned enterprise in Inner Mongolia, which defaulted on part of a 13 billion yuan bond this month.
A record high of 4.9% of China's privately-owned issuers defaulted on onshore bond payments in the first 11 months of 2019, Fitch said in a statement, up from 0.6% of private issuers in 2014.
Argentina has offered to pay $6.5 billion to a group of hedge funds holding bonds it defaulted on 14 years ago in a historic effort by the nation to put a bitter legal battle behind it.
The deal with New York creditors hit rock bottom under Ms. Kirchner, after the country defaulted on its debt again in 2014, after it failed to make a $539 million interest payment on newer discounted bonds.
The shakeup was ill received by Azul, which has loaned Avianca Brasil 51 million reais ($12.86 million) and said in court papers filed on Thursday that the struggling carrier had already defaulted on repaying that debt.
Venezuelan President Nicolas Maduro's government has remained current on the 2020 bond even as it defaulted on some $8 billion in other debt issued by the government and by PDVSA in order to avoid losing Citgo.
The crisis in the shadow-banking sector came to light when the Infrastructure Leasing and Financial Services, a major infrastructure financing and construction company, defaulted on its debt obligations multiple times, leading the government to intervene.
Nearly 38% of all black students who entered college in 2004 had defaulted on their student loans within 12 years, a rate more than three times higher than their white counterparts, according to the Brookings Institute.
"So much so that we are going to offer customers a money back guarantee if they have not seen their score improve as long as they haven't defaulted on a loan elsewhere out of our control".
Four Maryland residents who had defaulted on car loans filed a proposed class action in 2012 in federal court, accusing Santander of violations of the debt collection law including misrepresenting debt loads and bypassing debtors' lawyers.
A major Indian infrastructure financing and development company, IL&FS roiled the nation's financial markets in recent weeks when it defaulted on payments to banks, and ratings agencies downgraded its loans to junk from investment grade.
Several major global aircraft leasing companies, including AerCap Holdings NV and BOC Aviation have exposure to the financially troubled airline, which has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
For starters, there was the recent news that the company's stocks had hit an all time low of just 7 cents per share, following the revelation that they had defaulted on 10.9 million dollar promissory note.
For example, it could reasonably infer Hovnanian's subsidiary waived its right to any interest payment once it knowingly purchased securities that it knew were going to be defaulted on as part of the agreement with GSO.
President Nicolas Maduro's government had remained current on that bond even as it defaulted on billions of dollars in other bonds, because the PDVSA 2020 is backed by shares in Citgo, the country's crown jewel overseas.
At the time of his arrest, banking and trade sources had said the gold retailer had defaulted on loans worth about 500 million dirhams and banks were considering options including legal action to retrieve their money.
It is a move that will increase the pressure on a group of holdout bondholders that refused to take part in two debt restructurings by Argentina after it defaulted on $100 billion of debt in 2001.
U.S. President Donald Trump never owned the project, but his company had signed a long-term branding and management deal with the building's developer, Talon International Development Inc, which defaulted on its construction loan last year.
Black students have a harder time paying them off, too: one in two black students defaulted on their student loans between 2003 and 2015, compared to just 21.5% of white students and 36.1% of Latino students.
The company, which has defaulted on three interest payments, saw its net debt reach 51.147 billion pesos ($2.97 billion) in the third quarter as a slump in the peso caused its dollar debt value to balloon.
Debt-laden water treatment firm Hyflux, once seen as a national champion running a strategically important water resource for Singapore, filed for a court-supervised financial restructuring in May 2018, and defaulted on its debt payments.
Bob Murray, head of Murray Energy Corp, said the members of the Federal Energy Regulatory Commission (FERC), an independent agency, "defaulted" on their duties by rebuffing the plan to stop coal and nuclear plants from closing.
Venezuela has defaulted on most of its debt, but continues to sell oil at a steep discount to India and other Asian nations, as well as gold, as a way to import vital food and medicines.
The failures were detected as part of a wide-ranging probe into alleged fraud and mismanagement at Leasing & Financial Services (IL&FS), which defaulted on its debt obligations last year and sparked fears of financial contagion.
THE WALL STREET JOURNAL After 14 Years at Odds, Argentina Aims to Settle Debt With Hedge Funds | Negotiators are meeting to resolve a dispute that began in 2001, when Argentina defaulted on billions of dollars in debt.
To add to GIFT's troubles, IL&FS, which is laden with 910 billion rupees ($12.95 billion) of debt, largely tied to road and other infrastructure projects unrelated to GIFT, defaulted on several debt obligations late in 2018.
This week, the company defaulted on a bond as it hammers out a debt-for-equity swap after selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs over the past three years.
The largest default prior to this was on May 2 when the Government Development Bank, which formerly acted as the island's primary fiscal agent and lender of last resort, defaulted on $367 million due to its bondholders.
SALIC announced the purchase of Ukraine's Mriya, one of Ukraine's biggest farming companies which had defaulted on debts of $1.1 billion in 2014, a default which according to its current management was caused by fraudulent business practices.
A sharp reminder of those underlying problems has just come in the form of Dongbei Special Steel, a state-owned entity that has defaulted on a short-term loan just after the apparent suicide of its chairman.
If you have defaulted on your student loans, you have three options to correct the problem: Student loan defaults are avoidable if you work with your loan servicer or private lender before the situation becomes a crisis.
LOST CONFIDENCE In a fresh sign of its weak financial situation, just days after the bailout, Jet told the Indian stock exchange on Thursday that it had defaulted on an overseas loan due to "temporary liquidity constraints".
Communist-run Cuba reached an agreement in 2015 with members of the Paris Club of wealthy creditor nations that forgave $8.5 billion of the $18.23 billion in debt it defaulted on through 1986, as well as charges.
Communist-run Cuba reached an agreement in 2015 with members of the Paris Club of wealthy creditor nations that forgave $8.5 billion of the $18.23 billion in debt it defaulted on through 1986, as well as charges.
SHANGHAI, Jan 13 (Reuters) - China's state-owned Dalian Machine Tool Group Corp said on Friday that it had cross-defaulted on short-term bills issued last October, after failing to remedy defaults on a separate debt agreement.
USPS had defaulted on more than $28503 billion in prefunded health benefits by the end of the 22019 fiscal year – that's over half of its revenue for the year, with $10s of additional billions yet to fund.
Specifically, the Protecting JOBs Act would prevent states from denying, suspending, or revoking state-issued driver's licenses, teaching licenses, professional licenses, or other employment credentials solely because the worker defaulted on his or her federal student loans.
IL&FS, which is a major infrastructure financing and development company, has defaulted on some debt it owes banks in recent weeks, and its credit rating has been downgraded to junk from investment grade by ratings agencies.
Four Maryland residents who defaulted on car loans filed a proposed class action lawsuit against Santander in 2012 in federal court alleging violations of the debt collection law, such as misrepresenting debt loads and bypassing debtors' lawyers.
Timeline The announcement of a $222 billion agreement between the Argentine government and four "holdout" hedge funds promises to end a 1.33-year battle that started when the government defaulted on $21.3 billion in debt in 219.
LONDON, Feb 83 (Reuters) - Investors starved of good news from emerging markets are preparing to welcome reformist Argentina back into the fold, even those who lost out when it defaulted on $28 billion of debt in 29.
In March, Trump eliminated a Obama-era protection that prevented collection companies from charging huge fines to people who defaulted on their payments––which is another way of saying from cruelly kicking people when they're already down.
Filed on Wednesday in Miami federal court, the lawsuit said the bank demands that consumers who defaulted on their mortgages pay unexplained estimated legal fees, even though mortgage contracts only allow lenders to charge fees actually incurred.
But it has defaulted on about $60 million in interest payments since December, raising doubts about whether it could shoulder its part of the financial burden for building the terminal, which is set to open in 2020.
The outlook on the shadow banking sector has been bleak ever since the state-run Infrastructure Leasing & Financial Services defaulted on a series of debt obligation triggering New Delhi to take over the control of the company.
Abengoa may also pose a risk to Brazilian banks including BTG Pactual, which sued Abengoa after it defaulted on 375 million reais due last month, Estado de S. Paulo reported, without saying how it obtained the information.
Fitch Ratings said last week that a record high of 4.9% of China's private issuers defaulted on onshore bond payments — or yuan-denominated bonds — in the first 11 months of 2019, a jump from 0.6% in 2014.
Data collected by Reuters shows that Chinese issuers defaulted on bonds with a principal amount of 23.31 billion yuan ($3.46 billion) in the first four months of 2019, up more than 70 percent from a year earlier.
On Monday the Government Development Bank defaulted on a $422 million debt payment while it agreed to a tentative restructuring framework with some large creditors who promised to hold back from taking legal action for 30 days.
India's NBFC sector has been in the spotlight after IL&FS, a major infrastructure financing and construction company, defaulted on a string of debt obligations in recent weeks triggering wider concerns about risks in the country's financial sector.
NEW YORK, Oct 31 (Reuters) - Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans.
One year prior, Argentina had defaulted on its debts to the tune of $1.3 billion, a hangover from its 2001-2002 financial crisis which saw the country surrender to one of the largest sovereign debt defaults in history.
In 2015, approximately 1.25 percent of women-owned businesses defaulted on their loans, a decrease from 23 (2.03 percent) but still significantly higher than male-owned businesses in 2015 (0.66 percent) due in part to cash-flow issues.
The company was accused of knowing that it was likely to become liable for payments when the U.S. territory inevitably defaulted on its debt, but concealed that fact from investors, thereby artificially inflating the price of its shares.
The 2018 Brookings Institution report followed students who were paying loans up to 20 years after graduation and found that the rate at which people defaulted on their loans continued to rise 12 to 20 years after graduation.
The litigation, which is ongoing, is the latest in a tumultuous series of events around 6900 Studios, which went bankrupt in 2628 and was eventually sued by the state of Rhode Island after it defaulted on debt payments.
Of the black students who graduated in 2003, one in two defaulted on their student loans sometime within the following 12 years, according to data from the National Center for Education Statistics as analyzed by Student Loan Hero.
NS which defaulted on a loan of nearly $7 billion, was given repeated extensions by a consortium of banks, even after its vice chairman was arrested on alleged corruption charges in 2014 before the bankruptcy law came in.
The 25-year-old airline has defaulted on loans after racking up over $1 billion in debt, and owes money to banks, suppliers, pilots and lessors - some of whom have started terminating their lease deals with the carrier.
Mnangagwa said he wanted to grow the economy, create jobs and for Zimbabwe to re-engage the international community as the country has faced isolation since 1999 when it defaulted on its debt with the International Monetary Fund.
A record number of Chinese firms defaulted on bonds to local and foreign investors in 2019, including some high-profile companies like a giant state-run commodities firm and a conglomerate backed by the country's most prestigious university.
They showed you a video about a recent college graduate who broke his leg and defaulted on his student loans, proving that the budget he drew up was no good: a good budget makes provisions for debilitating injury.
The revised guidelines take effect immediately for borrowers who have defaulted on loans worth 20 billion rupees or more, the RBI said, while for those with loans of 15 to 20 billion they will take effect next January.
" While Venezuelan bond holders have earned 27 percent in the last year — Venezuela has, surprisingly to some, not defaulted on its debts — "these are the only winners ... in a system that's decided to default on everyone except bond holders.
Eskom received a 5-billion rand loan in February from the state's Public Investment Corporation (PIC), which holds a large amount of government bonds and ranks as Africa's biggest investment fund, or it would have defaulted on its debts.
Vale said in a separate release that it expected production at the joint venture, which is trying to restructure $3.8 billion in debt it defaulted on about a year after the accident, to resume toward the end of 2020.
Last year, Puerto Rico defaulted on some debt after President Obama signed a law that put a federal board to oversee restructuring and repaying its debts, it also let Puerto Rico seek court protection when it missed debt payments.
The businessman -– in 2007 he was ranked by Forbes as one of the world's 100 richest people -– was detained by authorities late last year for unpaid debt dating back to 2009 when his company, Saad Group, defaulted on debts.
When Puerto Rico defaulted on substantially all of its debt in 2016, the government tried to cobble together a solution that would respect the interests of the bondholders while ensuring the best outcome for the island as a whole.
Rating agencies have come under pressure from authorities and investors over their failure to proactively flag financial problems at Infrastructure Leasing and Financial Service Ltd's (IL&FS) until after a subsidiary defaulted on some of its debt this year.
KUALA LUMPUR (Reuters) - The Malaysian government's exposure as of October 2015 if state fund 1Malaysia Development Berhad (1MDB) defaulted on its loans was 20.3 billion ringgit ($5.12 billion) before interest, a declassified auditor's report made available on Wednesday showed.
JCF is the vehicle created by Juniper Capital Partners LLC and Cowie Capital Partners Inc that bought the tower's units not owned by individuals earlier this year in a court-run sale process after Talon defaulted on its debt.
Although most of the proton centers in the United States are profitable, the industry is littered with financial failure: Nearly a third of the existing centers lose money, have defaulted on debt or have had to overhaul their finances.
SHANGHAI, Oct 15 (Reuters) - China Huayang Economic and Trade Group Co triggered cross-defaults on two short-term commercial paper issues when it defaulted on a bond in late September, the lead underwriter for the commercial paper said Monday.
President Nicolas Maduro's government has defaulted on most of roughly $60 billion in foreign bonds issued by Venezuela and state oil company Petróleos de Venezuela, S.A., or PDVSA, but has had minimal contact with creditors about addressing the situation.
Since the 22016s, but especially between 220 and 20, TB patients who defaulted on their treatment could be incarcerated because they posed a risk to the general public, according to Sections 227 and 224 of Kenya's Public Health Act.
The company, which this week defaulted on its third straight interest payment, saw its net debt reach 51.147 billion pesos ($2.97 billion) in the third quarter as a slump in the peso caused its dollar debt value to balloon.
The analysis showed that 38 percent of black students who began college in 2004 defaulted on their loans within 12 years, as opposed to 12 percent of white students, which researchers attribute in part to differences in family wealth.
NEW YORK (Reuters) - Former hedge fund manager Philip Falcone has been sued for more than $6511553 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting.
NEW YORK (Reuters) - Former hedge fund manager Philip Falcone has been sued for more than $6511553 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting.
The warning by Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi comes as several companies, including Amtek Auto, Jindal Steel and Power Ltd, Ballarpur Industries, have defaulted on their debt coupon payments over the past few years.
The analysis showed that 38 percent of black students who began college in 2004 defaulted on their loans within 12 years, as opposed to 12 percent of white students, which researchers attribute in part to differences in family wealth.
More of Nedbank's corporate and retail clients defaulted on their debts or swerved riskier investments due to a tough economic environment as unemployment rose to an 11-year high and South Africa had its worst quarterly contraction in a decade.
BEIJING, March 17 (Reuters) - Chinese foodmaker Nanjing Yurun Food Co, a wholly-owned subsidiary of China Yurun Food Group Limited, has defaulted on a 500 million yuan ($77.2 million) short-term financing note repayment due on Thursday, the company said.
ICA has defaulted on about $60 million in interest payments since December and saw its net debt reach 51.147 billion pesos ($2.97 billion) in the third quarter as a slump in the peso caused its dollar debt value to balloon.
KUALA LUMPUR, April 18 (Reuters) - Malaysia said on Monday it would honour all its commitments in financial markets, after an Abu Dhabi sovereign fund claimed the country's finance ministry and state fund 1MDB had defaulted on an agreement reached in June.
" Fernandez, who last week drubbed Macri in primary elections, said that without the IMF deal the country would have defaulted on its repayments, but added that the relationship with the financial institution had to be one of "respect" not "submission.
On Dec 29, Dalian Machine Tool defaulted on the fourth batch of short-term bills issued in 2015, but was given a grace period of 10 working days to address the issue, so that it can avoid a cross-default.
The territory, which is home to 3.5 million American citizens, has already defaulted on some debt payments and is slashing public services as it struggles to pay bills thanks to dwindling revenues and a flow of residents to the American mainland.
On Monday, Puerto Rico defaulted on the debt service payment of its Government Development Bank notes ($22019 million), and in 8 weeks from now the island will in all certainty default on its constitutionally guaranteed General Obligation bonds ($779.9 million).
Trump has defaulted on his promise to drain the swamp in Washington, D.C. A candidate from the west with little or no experience in the nation's capital would be able to run as the outsider who would clean up the mess.
These holdouts, so named for their refusal to participate in Argentina's two restructurings after the country defaulted on $100 billion of debt in 2001, sought billions in bond repayments and eventually succeeded in preventing Argentina from paying any of its creditors.
Kirchner, 66, said in her announcement that if she and Mr. Fernández win in October, they will take the reins of a profoundly distressed economy, calling the conditions worse than in 2001, when Argentina defaulted on nearly $100 billion in debt.
The real estate sources said the portfolio was made up of assets that Safmar acquired when its businesses rescued struggling Russian banks and inherited their loan books, including physical assets that had been seized from borrowers who defaulted on their loans.
NEW YORK, Feb 21 (Reuters) - Former hedge fund manager Philip Falcone has been sued for more than $6511553 million after he allegedly defaulted on a series of loans and sold some of the underlying collateral, including an Andy Warhol painting.
The near 90-year-old firm, which defaulted on payments to suppliers late last year, has also told grains farmers it owes money to that it will make a debt restructuring offer in the days ahead, the sources said on Friday.
In 213 New York Times opinion piece titled "Why I Defaulted on My Student Loans," writer Lee Siegel explained that he does not plan on paying off his student loans and imagined a world in which borrowers collectively do the same.
SHANGHAI, April 25 (Reuters) - Guangxi Nonferrous Metals Group Co Ltd, the unlisted metals producer which defaulted on a bond in February, has missed a payment on a 500 million yuan ($77 million) private placement note which matured over the weekend.
When asked if they've ever defaulted on those bills, about 20193% of people with medical debt said they had, according to a new survey fielded by Salary Finance of over 2,700 U.S. adults working at companies with over 500 employees.
They are suing Brassner's estate in the New York County Supreme Court for unpaid charges stemming from a lien on his apartment — according to their complaint, the collector defaulted on common charges (such as maintenance and utilities) in June 2015.
AT SOME POINT, THOUGH, AS WE'RE GOING FORWARD, THERE'S GOING TO BE BIGGER DEFICITS AND YOU'RE GOING TO HAVE TO FUND IT WE'RE DEALING WITH ALMOST A CURRENCY ISSUE, LONGER TERM, IN TERMS OF WHAT IS THE VALUE OF CURRENCY WHEN THOSE LIABILITIES, NOT ONLY THE DEBT LIABILITIES, BUT THE PENSION LIABILITIES OR THE HEALTH CARE LIABILITIES, WITH WHICH ARE LIKE DEBT, PROMISES THAT HAVE TO BE PAID, THEY WILL EITHER BE PAID BY HIGHER TAXES OR THEY'LL BE NOT PAID AND DEFAULTED ON. I DON'T THINK THEY WILL BE DEFAULTED ON. DALIO: WE HAVE TODAY REALLY A BIG SQUEEZE HAPPENING.
More oil and natural gas companies defaulted on loans in the first half of this year than in all of 2015, raising the possibility that 2016 will see the highest level of U.S. corporate defaults since 2009, according to Moody's Investors Service.
HONG KONG, April 16 (Reuters) - Chinese conglomerate HNA Group Co Ltd could lose assets in Hong Kong-listed unit CWT International Ltd after CWT defaulted on a HK$1.4 billion ($178.56 million) loan, the company said in a stock exchange filing on Tuesday.
BEIJING (Reuters) - Datang Group, one of China's biggest power generators, said a subsidiary in northwestern Gansu province that operates a coal-fired power station has applied for bankruptcy and liquidation after it defaulted on about 16.44 million yuan ($2.39 million) of debt.
Investors are beginning to fear the worst — that Macri will lose this year's election to former President Cristina Fernandez de Kircher, who defaulted on the country's sovereign debt in 2014, which was issued as partial compensation for the previous default in 2001.
According to Xinhua, China's state news agency, the database includes a list of more than 6m people who have defaulted on court fines, which has helped the courts catch up with more than 1.2m defaulters who found that their credit score had plummeted.
In FY 2015, the government seized social security benefits, tax refunds or other federal payments from 40,000 Americans aged 65 or older who had defaulted on their student or parent loan debt, up 362% from the previous decade, according to the Journal.
SHANGHAI, Oct 22 (Reuters) - China's Wintime Energy Co , a coal processing company, said on Monday that it had defaulted on principal and interest payments on a puttable medium-term note after investors exercised their options to sell bonds back to the company.
The latest news on this financial front is that NFL star football player Adrian Peterson, a Washington Redskins running back, was ordered by a Maryland court to pay back more than $2.4 million to a lender after he defaulted on a 2016 loan.
At a hearing, U.S. District Judge William Alsup will hear oral arguments on Wells Fargo's motion to dismiss the lawsuit on the grounds that the affected homeowners defaulted on their mortgages, giving the bank the absolute right to foreclose on their homes.
Atlas, which once had more than 50 retail branches across the Gulf and India, defaulted on loans in 2015 and its owner, M. M. Ramachandran, was sentenced to a three-year jail term for writing cheques without sufficient funds for them to clear.
To give them confidence to invest in the first major plant since the power sector was privatized in 2306.6000, the World Bank provided a safeguard known as a partial risk guarantee - meaning the lender would step in if Nigeria defaulted on payments.
In the largest intervention of its kind, India this week replaced the board at IL&FS, a construction and infrastructure firm that had defaulted on a series of repayments to creditors as it struggled under a debt pile of more than $12 billion.
BUENOS AIRES (Reuters) - For Luis Joaquin Caro, who was about 2 years old when Argentina last defaulted on its debt in 2001, casting his vote for left-leaning Peronist candidate Alberto Fernandez in the country's recent primary election was a no-brainer.
The policy had been in place since 2011 as part of a larger U.S. campaign to pressure Argentina to pay debts and other obligations to American investors a decade after the South American country defaulted on more than $81 billion of government bonds.
ABIDJAN, April 2140 (Reuters) - Small Ivory Coast cocoa exporters have defaulted on delivering tens of thousands of tonnes of beans, blaming a poor quality crop and the Coffee and Cocoa Council's decision to ban exports of small beans, sources said on Friday.
He bled through a tube sock on national television while playing against the Yankees, he defaulted on a guaranteed $75 million loan from the State of Rhode Island in a failed video-game start-up; and he's incredibly active on social media.
The prominent agency slashed its rating for Puerto Rico's general obligation bonds from C to D, and its rating for the commonwealth as a bond issuer from C to RD. The latter declares that Puerto Rico officially defaulted on some of its debt.
When Greece's partners and creditors called his bluff, the country defaulted on a payment to the International Monetary Fund and was on the brink of exiting the eurozone when Mr. Tsipras signed on to a new bailout agreement with even tougher terms.
SHANGHAI, Oct 21 (Reuters) - China's Wuhan Guoyu Logistics Industry Group Co Ltd, the unlisted logistics firm which defaulted on a separate short-term bond in August, said on Friday it may miss a payment on another one-year issue maturing on Oct. 28.
Deutsche's brass was so in thrall to Trump's celebrity, and so eager to expand in America, one division lent $48 million to cancel the debt on a Chicago skyscraper — a debt Trump had defaulted on with another wing of the same bank.
Having defaulted on its debt in 2001, Argentina, again gripped by financial turmoil, is seeking to restructure about $100 billion in debt and has set itself a March 31 deadline to settle the rejig of IMF loans and then privately held bonds.
Trump's history of borrowing from Deutsche Bank is long, according to an in-depth Wall Street Journal analysis, which also notes he defaulted on more than $300 million in 2008 and sued the bank, claiming the financial crisis was an unforeseen event.
A senior World Bank official said Eskom, which has borrowed $3 billion from the bank for projects including the Medupi coal-fired plant and renewables ventures, had not defaulted on World Bank loans and the lender did not threaten to suspend lending.
He was instrumental in lifting Argentina's currency controls and negotiating a deal with holdout creditors over debt that Argentina defaulted on in 2002, two of the center-right Macri administration's main achievements after taking office last December, ending more than a decade of populist rule.
BEIJING, June 28 (Reuters) - Datang Group, one of China's biggest power generators, said a subsidiary in northwestern Gansu province that operates a coal-fired power station has applied for bankruptcy and liquidation after it defaulted on about 13 million yuan ($2.39 million) of debt.
BRASILIA (Reuters) - Brazil's political affairs minister Carlos Marun said on Thursday that the country would continue to insist that Venezuela and Mozambique pay back nearly 1 billion reais ($281.05 million) in loans they defaulted on to Brazil's state development bank BNDES and Credit Suisse.
The category of other bonds to be exchanged would include about a dozen issues, which include those supported by tax and legislative appropriations - such as bonds of highway authority HTA and infrastructure authority PRIFA and even PFC, which defaulted on its payments in August.
ICA, which has not posted a profit since 2013 and has defaulted on millions of dollars of debt payments, said in a filing that revenue for the quarter was 6.1 billion pesos, down from 9.5 billion pesos in the first quarter of last year.
" As Clinton put it, "He intentionally ran up huge amounts of debt on his companies — hundreds of millions of dollars — he borrowed at high interest rates, he defaulted on those loans, didn't pay them back, and in the end he declared bankruptcy four times.
HONG KONG (Reuters) - A group of bondholders is seeking to block a debt restructuring plan for Chinese miner Hidili Industry International Development Ltd, which defaulted on $182.8 million in bonds late last year, the latest sign of growing activism among investors in Chinese debt.
Reuters had reported on Wednesday the RBI has asked banks to send at least 20 companies that defaulted on their debts to bankruptcy court if their problems are not resolved by about mid-December, citing a senior banker with direct knowledge of the matter.
"When we were at Stanford, one of the things that was striking to us… was that no one in the Graduate School of Business had defaulted on a loan in 35 years, but they were paying 6.5%-7.5% in interest on those loans," he said.
In the latest hit to the battered bank, Wells Fargo has agreed to pay $50 million to settle a class-action lawsuit that accused the bank of overcharging hundreds of thousands of homeowners for appraisals ordered after the homeowners defaulted on their mortgage loans.
During a 12-year era of leftist rule by Presidents Néstor Kirchner and his wife, Cristina Fernández de Kirchner, Argentina defaulted on its foreign debt, which drove investors away, and cultivated close ties with China and Russia as it drifted away from the United States.
Only after an attorney was involved was I able to negotiate a payment plan, a plan Mr. Beswick proposed, which he did adhere to but only for a few months until checks began bouncing, more excuses, the payments stopped, and he defaulted on the agreement.
Why it matters: A record $89.2 billion worth of student loans had been defaulted on at the end of June, while 11% of the $1.48 trillion in total outstanding loans was "at least 90 days behind on repayments," according to New York Federal Reserve data.
The businessman, ranked in 13 by Forbes as one of the world's 100 richest people, was detained by authorities late last year for unpaid debt dating back to 2009 when his company, Saad Group, defaulted on payments in what was Saudi Arabia's biggest financial meltdown.
Deutsche Bank, hungry for growth in the lucrative United States market, was willing to look the other way even after Mr. Trump defaulted on one of its loans in 2008 and then sued the bank over accusations that it had helped cause the financial crisis.
Painting a vivid picture of a golden land that often defaulted on its promises, Nadell creates an extremely readable portrait of Jewish women collectively realizing their power to change their destiny — whether through creating charitable organizations or joining forces in the broader workers' movement.
The proceeds from Etqaan's auction will be distributed to creditors via a legal process overseen by a three-judge tribunal set up in 2016 to handle claims against Saad and Ahmad Hamad al-Gosaibi & Bros Co, another big local conglomerate that defaulted on debt in 2009.
They would also have to disclose if they have been involved in a failed regulatory application, such as for a merger or license, or associated with a firm that failed, defaulted on an obligation, or was subject to enforcement actions, criminal action, litigation or other legal woes.
A unit of Guosen Securities, China's eighth-largest investment bank, has defaulted on a Hong Kong-traded renminbi bond, according to a document seen by the Financial Times, marking the first debt breach by a state-owned enterprise in China's offshore market in nearly two decades.
The government says it would like to issue billions of dollars in international bonds next month, once a deal is finalized with creditors who rejected Argentina's 2005 and 2010 debt restructurings and went to court for full repayment of obligations the country defaulted on in 2002.
He said the sale, expected to begin on Monday, resulted from a sea change in Argentina's will to end a long-festering legal battle with mostly U.S. creditors who refused to accept the payment terms after it defaulted on nearly $100 billion in debt in 2002.
He responded by telling me about projections for a record-breaking primary budget deficit this year, the growing number of people who have defaulted on their monthly health insurance premiums and the political polarization that has made it so hard to get anything done in Brazil.
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.
The Republic of Peru had defaulted on its debt in 1984; in 1996, the government initiated a debt exchange, and more than ninety per cent of Peruvian debt holders traded in their old bonds for new ones, taking a fifty-per-cent discount on the original value.
HONG KONG (Reuters) - CWT International Ltd, a unit of China's indebted HNA Group Co Ltd, said on Tuesday it defaulted on a HK$210 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral.
In the previous three years, it had defaulted on the bond for its flagship building on West 53rd Street, inaugurated three months after 9/11; sold the structure to its neighbor, the Museum of Modern Art; and retreated to its branch space at 2 Lincoln Square.
"Then we will recommend a new date for us to all sit down and discuss the proposal," Finance Secretary Luis Caputo told reporters after holding his first face-to-face meeting in New York with the creditors suing Argentina over debt it defaulted on in 2002.
He had recently defaulted on his debts to a number of large Wall Street banks — the consequence of many hundreds of millions of dollars of unwise, overleveraged investments in the casino and hotel industries — and was eager to find a financier willing to look past these sins.
And finally, Xi Jinping's signature "One Belt, One Road" infrastructure initiative, a catchall term for hundreds of billions of planned outbound investment, has recently led to China seizing ownership of a port in Sri Lanka after local entities defaulted on the extremely onerous terms that China had demanded.
CARACAS (Reuters) - A Florida firm has sued Venezuela for $34 million for defaulting on bonds that matured in 2018, according to a filing in a U.S. court on Tuesday, in what may be the first legal strike by a creditor since the OPEC nation broadly defaulted on its debt.
MUMBAI, Aug 30 (Reuters) - The Reserve Bank of India has asked banks to send at least 20 companies that defaulted on their debts to bankruptcy court if their problems are not resolved by about mid-December, a senior banker with direct knowledge of the matter said on Wednesday.
MUMBAI, June 21 (Reuters) - The chief executive of state-run Bank of Maharashtra sanctioned a 100 million rupee ($13 million) loan to a real estate firm which had defaulted on payments to investors, according to a court document on the latest probe into loan fraud at Indian banks.
For Axel Christensen, chief investment strategist for Latin America and Iberia at BlackRock, Macri's government is following the right strategies, but he said many investors remain traumatized by memories of Argentina's 2001-02 economic crisis, when the country defaulted on its debt and millions were plunged into poverty.
While running his mining company into the ground, and never mind its 1,700 miners, he defaulted on corporate taxes while pouring millions into a vanity project—an Appalachian resort called The Grand Patrician, named after his wife Patricia, that will boast a 3,500-seat replica of the Coliseum.
" Please, the letter went on, don't "make me pay back the money because I can't because I already had to give most of it to some stupid lawyer who said I had defaulted on a loan and was behind on my child support, which is just a lie.
" But in June Mr. Johnson was cited in a motion for summary judgment in State Supreme Court in Manhattan related to a 2012 case in which he and several former business partners were found to have defaulted on a $150,000 promissory note after pledging to produce a film called "Sweetwater.
The commonwealth has already defaulted on debt payments, and House Speaker Paul RyanPaul Davis RyanEmbattled Juul seeks allies in Washington Ex-Parkland students criticize Kellyanne Conway Latina leaders: 'It's a women's world more than anything' MORE (R-Wis.) has given lawmakers until the end of March to find a solution.
Solyndra—the thin-film solar company that defaulted on a $500 million loan from the Department of Energy—is still arguably the most recognizable legacy of a suite of programs that were successful on their own modest terms; the loan guarantee program Solyndra benefitted from also supported Tesla and turned a handsome profit.
"Precariat" would certainly apply to two of Cohen's main characters, Yoav Matzav and Uri Dugri, Israeli Defense Forces veterans who have immigrated to New York City, where they've taken off-the-books jobs at King's Moving, a company that enlists them in evicting delinquent tenants and homeowners who've defaulted on their mortgages.
SHANGHAI/HONG KONG, Dec 9 (Reuters) - A state-owned enterprise (SOE) in China's northern province of Inner Mongolia defaulted on part of a 1 billion yuan ($142.1 million) privately-issued bond over the weekend, the latest in a string of corporate delinquencies that has raised concerns about contagion risk as the economy slows.
The conglomerate is in talks with lenders to restructure loans and credit lines after having defaulted on a debt repayment last year; it said on Sunday it plans to discuss at a general assembly meeting late this month a proposed capital reduction to 0.53 million dirhams ($20.5 million) from 24 billion dirhams.
Despite claims of record profits in 212 and an aborted $22007 billion debut on the Hong Kong stock exchange the same year — investment never materialized — Octea has defaulted on a $2370 million loan from its bank Standard Chartered and a $20133 million loan from Tiffany's, which has a contract for 22013 percent of Octea's diamonds.
The economy has shrunk by more than 30 percent since the collapse of oil prices in 2014; the government has defaulted on its external debt; the exchange controls and price controls have destroyed the productive sector; the oil industry is collapsing and the purchasing power of Venezuelans has been completely wrecked by the rampant hyperinflation.
Russia has, since 1991, been at the center of an investigation into fraud involving IMF money, defaulted on its debt, flouted international human rights law in its wars in Chechnya, launched a cyberattack on Estonia, provoked a war in Georgia, annexed Crimea, and brazenly lied over the shooting down of a Malaysian airliner over Ukraine in 2014.
Puerto Rico, which has already defaulted on some bonds, has large bond payments due this spring — payments it says it will not be able to meet without a reprieve from bondholders and some assistance from Washington, ideally in the form of access to bankruptcy court that the island, as a United States commonwealth, does not now have.
Investors have been unnerved by credit concerns that have engulfed one of the biggest NBFC names in India - Infrastructure Leasing & Financial Services (IL&FS) - which has this month defaulted on a series of its coupon payments and seen its debt downgraded by big ratings agencies to junk from AAA, within a span of less than two months.
"At a time when nearly all other financial institutions refused to lend to Trump after his businesses repeatedly declared bankruptcy, Deutsche Bank continued to do so-even after the President sued the Bank and defaulted on a prior loan from the Bank — to the point where his companies now owe your institution an estimated $340 million, " the letter said.
IF WE TAKE THE AMOUNT OF DEBT, COMBINE IT WITH THE AMOUNT OF PENSION OBLIGATIONS AND COMBINE IT WITH THE AMOUNT OF HEALTH CARE OBLIGATIONS WHICH ARE -- NEED TO BE MET OR DEFAULTED ON, THAT WE HAVE A LOT COMING AT US. WE HAVE LARGE DEFICITS AND THEREFORE IT'S -- AND WE DON'T HAVE AN EFFECTIVE TRANSITION OF MONETARY POLICY.
What's new: Greece defaulted on $111 billion owed to the EU. (The European Stability Mechanism allowed Greece to push back its debt service payments and reduce the interest rate it was paying, which counts as a debt default for the purposes of the database.) The other big debtors in 2018: Venezuela with $64 billion of debt in default and Iraq with $41 billion.
The defaults that are set to occur on Friday will not be the first for the beleaguered U.S. Territory—Moody's estimates that the island has defaulted on $562 million of debt service payments since August—however, a missed or partial payment on the GO bonds will be the first default on a security that carries the highest priority of repayment under Puerto Rico's constitution.
In another well-publicized case, which had dragged on for a decade and drawn deep interest in international securities markets, Judge Griesa, in decisions handed down in 2011 and 2012, ruled that Argentina had to pay the full value of billions of dollars worth of bonds to American hedge funds that had bought them at a deep discount when Argentina defaulted on its debts in 2001.
The decision by the Bankruptcy Appellate Panel of the 8th U.S. Circuit Court of Appeals revives a claim by the Bank of Missouri for an additional $443,000 in interest from the proceeds of a 2018 auction of the assets of Family Pharmacy Inc and its related companies, based on a contractual provision that raised the interest rate to 18 percent if Family Pharmacy defaulted on the note.
Here are some of New York-headquartered Elliott's top holdings in Europe (in alphabetical order): AC Milan: - Lent 263 million euros to China's Li Yonghong in March 2017 to fund the acquisition of players and bank debt repayments at Italian football club AC Milan - Elliott took control of the team in July 2018 after Li defaulted on his obligations towards the club Akzo Nobel (AKZO.
DE) Here are some of New York-headquartered Elliott's top holdings in Europe (in alphabetical order): AC Milan: - Lent 6.393 million euros ($341 million) to China's Li Yonghong in March 2017 to fund the acquisition of players and bank debt repayments at Italian football club AC Milan - Elliott took control of the team in July 2018 after Li defaulted on his obligations towards the club Akzo Nobel (AKZO.

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