Kuffeler said there has been no increase in loans in default or close to being in default.
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And while only a third of issuers in default this year were SOEs, they accounted for about two-thirds of the amount in default.
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If the money is withheld, Greece will be in default.
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Four in 10 borrowers over age 65 were in default.
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The bond, in default, has not traded since March 22.
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Venezuela is in default on almost all its foreign bonds.
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Roughly 4.6 million borrowers were in default as of Sept.
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With his loans in default, the collectors started to circle.
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Your tabs will be identical to those in Default mode.
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Maduro accused JPMorgan of falsely reporting that PDVSA was in default.
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Servicers want their customers in default, it's designed to increase revenues.
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In "Default apps," click on "Choose default apps by file type."
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It is in default on $6 billion in interest and principle.
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As far as I'm concerned, they're in default on their pledge.
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"And as far as I'm concerned, they're in default of their pledge."
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Almost all of those bonds have been in default since November 2017.
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The total number of sovereigns in default is also hitting new lows.
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Is using the Tab S503 in default Android tablet mode worth it?
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"The Mortgage and Note are in default," UBS said in its filing.
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It said that 10 of its investments were in default last month.
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Legally speaking, the MTR Ordinance states that MTRC can be in default.
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The mortgage is in default, according to the bank, and as of Nov.
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One in 5 borrowers are in default or delinquency on their student debt.
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And she was now in default, prompting the DOE to move to collect.
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Banco Hipotecario did sell bonds last year while Argentina was still in default.
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When the government can't pay all its bills, it is technically in default.
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Venezuela's state oil company PDVSA, and thus the Venezuelan state, is in default.
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Around $5 billion of the debt owed to National Collegiate is in default.
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More than a quarter of student loan borrowers are delinquent or in default.
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Bank of America Merrill Lynch - one of the biggest bond index providers - says it would remove securities deemed in default based on their "individual legal terms" but not because a major rating agency declared an issuer to be in default.
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A further eight are already in distress (meaning they are delinquent or in default).
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The full amount was payable on December 31 2017, and was now in default.
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The statement did not say whether the creditors would now declare Prepa in default.
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Borrowers in default can also have their wages garnished and their tax funds seized.
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Borrowers in default cannot take out more student loans or pick a repayment plan.
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A borrower making no payments for three months is considered to be in default.
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It could put you in default, in theory terminating your lease and evicting you.
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Two defendants who did not respond to the complaint were later declared in default.
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The Google Pixel 3 XL, in default settings, produces a sharper and tighter shot.
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More than $5 billion of that debt is in default, according to court filings.
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According to the Brookings Institution, 40% of student loans will be in default by 2023.
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A record 8.5 million people are now in default on their loans, department data showed.
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Some $5 billion of the loan portfolio is in default, according to the Trust's disclosures.
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The projects won't make any distributions to investors while they remain in default, HICL said.
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She'd received notice that her loans were in default and that she could rehabilitate them.
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The company is in default after missing two interest payments related to its bond obligations.
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In the meantime, the bills keep coming — and millions of borrowers end up in default.
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It was declared in default last May because it did not respond to the Nov.
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At the end of 2016, 4.2 million people were in default on federal student loans.
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Loans worth hundreds of millions of dollars ended in default, with taxpayers on the hook.
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Those in default spend a third of their income on average to service the loans.
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"For a direct loan, you are considered in default after 270 days — about nine months — while under the Perkins loan, you could be in default as soon as you miss a scheduled payment," explains Rachel Rabinovich, the director of financial planning at Society of Grownups.
|
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Credit card industry association Abecs said it expected a drop in default rates following the changes.
|
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All loans are fully collateralised, but collection from customers in default may be a lengthy process.
|
|
Energy claim based on testing comparisons of major competitors in default modes by Buyers Lab Inc.
|
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Trump Castle couldn't make it -- it was in default, though with a 10-day grace period.
|
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UTP loans are not yet in default but they are unlikely to be repaid in full.
|
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West Virginia has the highest percentage of people with student loans past due or in default.
|
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More than 4 million debtors were in default last year, up from 3.6 million in 2015.
|
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More than seven million borrowers are in default, and millions more are behind on their payments.
|
|
It stated that if we attempted entry, we would be in default of the proprietary lease.
|
|
Of those in default, 5 percent had money withheld from federal payments to satisfy their debt.
|
|
Economic View Student loans are central to financing college educations, yet millions of borrowers are in default.
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More than 25,000 of them are in default and just 8,500 of them have applied for forgiveness.
|
|
The value of bonds in default in November was 9bn yuan, a single-month record for China.
|
|
Messages sent in default modes are accessible to law enforcement agencies by warrant, according to The Verge.
|
|
Student loans are considered in default if you fail to make a monthly payment for 270 days.
|
|
A federal student loan is reported in default once no payments have been made for 2628 days.
|
|
Unfortunately, because of a number of factors, about 85033 million Americans are in default on those loans.
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In line with its criteria, Fitch therefore judges Mozambique to be in default on its sovereign obligations.
|
|
Theranos was in default under its credit facility with Fortress Investment Group, Taylor said in the letter.
|
|
In contrast, the Education Department has a disastrous track record, with 22 percent of borrowers in default.
|
|
More than 25,000 of those service members were in default on their loan payments, the letter said.
|
|
Mississippi also ranked in the top five states with the highest percentage of student loans in default.
|
|
In March, the Consumer Federation of America reported that $137 billion in student loans were in default.
|
|
Linda Bonnin, a spokeswoman for Alabama, said the university denied that it was in default on any agreements.
|
|
Or perhaps provisions that require states to automatically enroll the uninsured in default, no-premium private insurance plans.
|
|
Half of student loan borrowers from for-profit colleges wind up in default, according to the Brookings Intuition.
|
|
I can't keep up with payments, so I'm in default and they take 10% of my gross pay.
|
|
So far, less than 1 percent of the loans that Furio's Creditas has issued have resulted in default.
|
|
In 2017, the blandly named Treasury Offset Program seized $2.8 billion from student borrowers who were in default.
|
|
UTP borrowers are not yet in default though they are deemed unlikely to repay their debt in full.
|
|
Half of student loan borrowers from for-profit colleges wind up in default, according to the Brookings Institution.
|
|
Rome is considering extending it to unlikely-to-pay (UTP) loans, whose borrowers are not yet in default.
|
|
Additionally, the RNC should intervene and if they don't they are in default of their pledge to me.
|
|
We do know that once borrowers are in default, they have limited options for getting back on track.
|
|
Around 4.6 million Americans are in default on their student loans, with no sign of this crisis abating.
|
|
Dollar Express is in the process of liquidation and is in default of its obligations, Dollar Tree said.
|
|
Already in default on about $8.9 billion, PREPA owes a bond payment of $455 million on July 1.
|
|
The company has a 30-day grace period to either make the payment or be found in default.
|
|
Banks conduct such appraisals when a property is in default to ensure that it is being maintained properly.
|
|
It's in default under a credit agreement reached last year with Fortress Investment Group, Mr. Taylor told shareholders.
|
|
"When somebody's in default, that means the other side can do what they have to do," he said.
|
|
In my time playing Fortnite, I've been destroyed by players in default skins more times than I can count.
|
|
According to the Consumer Financial Protection Bureau, about 203 million student borrowers were in default as of last year.
|
|
IPIC said 24MDB was in default of the agreement after the Malaysian fund failed to pay it $2165 billion.
|
|
Market wisdom had been that Venezuela would not make such payments if it expected to end up in default.
|
|
Investigations into 1MDB's dealings are under way in half a dozen countries; some of its borrowings are in default.
|
|
The bonds trade like an equity, giving a price but not a yield because they are technically in default.
|
|
There is no grace period on the note, which means holders could declare it in default immediately, if unpaid.
|
|
Typically, your tax refund can be intercepted as a way to pay back a loan that is in default.
|
|
Venezuela showed new signs of a financial unraveling on Friday, as the state electricity company was declared in default.
|
|
Broker Equita estimates Italian banks could withstand a tripling in default rates among companies without affecting their capital ratios.
|
|
Conceivably, even the U.S. could find itself in default if congressional gridlock prevented the debt ceiling from being raised.
|
|
A B2 rating is deep into junk status and means there's a very significant chance you'll end up in default.
|
|
More than 220 million borrowers were in default as of the end of 211, up from 290 million in 2015.
|
|
Under such a provision, a borrower would be in default on a bond agreement if it cannot honor another obligation.
|
|
When it did not, some debt holders declared Valeant in default and wrung higher interest rates out of the company.
|
|
More than 4.2 million borrowers were in default as of the end of 2016, up from 3.6 million in 2015.
|
|
Nonetheless, 11 percent of borrowers are in default — which is bad news both for those borrowers and for U.S. taxpayers.
|
|
The Consumer Federation of America urged DeVos to confront the problem of millions of Americans in default on student loans.
|
|
For instance, borrowers who don't make payments for at least 270 days on their student loans are considered in default.
|
|
That deal, done without the IMF's endorsement, resulted in years of lawsuits that kept the country in default until 2016.
|
|
As this loan carries a sovereign guarantee, Mozambique risks being declared in default unless it can negotiate another rescheduling agreement.
|
|
Those in default don't look like your stereotypical college student, according to a report by the Center for American Progress.
|
|
Do tax refunds withheld while my loans were in default count toward the nine payments needed to rehabilitate my loans?
|
|
The Obama administration had limited the ability of loan companies to impose punitive fees on borrowers who were in default.
|
|
More than 40% of federal student loan borrowers are either in default, delinquency or have postponed repaying their student loans.
|
|
If PDVSA does not make the principal payment on the 2020 bond by Friday night, it would be in default.
|
|
Treasury Secretary Steven Mnuchin has warned that if no action is taken, the U.S. could be in default by October.
|
|
Under the new rule, people's student loans might have to be in default for them to qualify for loan forgiveness.
|
|
"Additionally, the RNC should intervene, and if they don't they are in default of their pledge to me," Trump said.
|
|
That's notable considering the 2027 bond, and all but one of Venezuela's other bonds, have been in default since November 2017.
|
|
But Goldman said BRW Aviation, the largest Avianca shareholder, was in breach of terms of the loan, which is in default.
|
|
Italian banks are hampered by a staggering number of nonperforming loans - meaning loans that are in default, or close to it.
|
|
Still, a number of the bonds are already in default because interest payments have been delayed beyond the established grace period.
|
|
Italian banks are hampered by a staggering number of nonperforming loans — meaning loans that are in default, or close to it.
|
|
Some games are predicated on large groups of players engaging simultaneously, meaning kids are playing with strangers online in default settings.
|
|
Last year, 42.4 million Americans owed $1.3 trillion in federal student loans and more than 4.2 million borrowers were in default.
|
|
That means 7.2 percent of the outstanding Direct Loan portfolio and 29 percent of the outstanding FFEL portfolio were in default.
|
|
Then, about one in every four borrowers would be either delinquent or in default, according to U.S. Department of Education data.
|
|
With every other phone (in default shooting mode), the photos above would be a few smears on a slab of blackness.
|
|
Under a cross-default provision, a borrower would be in default on a bond agreement if it cannot honour another obligation.
|
|
Lawyers who have brought civil lawsuits against those governments say they typically do not respond, resulting in default judgments for plaintiffs.
|
|
The debt has been in default since last year when U.S. Congress passed the PROMESA rescue law that suspended debt payments.
|
|
But the institute said, the total number of borrowers in default continues to grow, and is now a record 8.1 million.
|
|
Borrowers in default can also choose to consolidate their loans into a new loan and immediately enter a flexible repayment program.
|
|
On and off over the following years, he would be found in default and unable to receive his full disability benefits.
|
|
Interest will not accrue If your loans are in default, the interest can add up a lot, increasing your total balance.
|
|
Last month, Mayor Fulop's administration rejected giving the developer a tax break, notifying Mr. Kushner that his project was in default.
|
|
A quarter of federal direct loan borrowers were either delinquent or in default at the end of 2000, the report said.
|
|
The government can withhold refunds and apply them to your student loan balance as long as the loans are in default.
|
|
Forty percent of the 7.8 million South Africans with an unsecured loan are in default, according to asset manager Differential Capital.
|
|
If your loans are officially in default, call your loan servicer and ask them how you can return to good standing.
|
|
However, a surge in refinancing activity since 2016 should increase time between the credit cycle's bottom and peak in default rates.
|
|
Ms. Berendsohn, who says she's in default on her loans now, wants to continue her education while pursuing her entrepreneurial aspirations.
|
|
North Korea has syndicated loans with a face value of around $22007 billion, tied to loans in default since the 22011s.
|
|
That's notable considering that the 2027 bond, and all but one of Venezuela's other bonds, have been in default since November 2017.
|
|
Today, more than 41 million Americans currently hold a combined $1.2 trillion in federal student debt, including 7.5 million borrowers in default.
|
|
The Abu Dhabi fund said 211MDB and Malaysia's finance ministry - which owns 1MDB - are in default on the terms of this agreement.
|
|
But IPIC said in April that 1MDB was in default of that agreement, after the Malaysian fund failed to repay the loan.
|
|
The new rules mean banks must make some provisions upfront, well before a loan is effectively in default under the current system.
|
|
Market attention has now turned to UTP loans, which are not yet in default but are unlikely to be repaid in full.
|
|
Iran has failed to show up in court to contest them, and judges have entered more than $50 billion in default judgments.
|
|
About 8 million borrowers are in default on their loans, damaging their ability to rent apartments, buy cars and even get jobs.
|
|
When the men's business failed to make loan payments, the bank declared the loans in default and demanded payment from all four.
|
|
Delinquencies are rising, and nearly 40 percent of federal student loan borrowers who are 65 and older were in default in 2015.
|
|
About eight million federal student loan borrowers were in default at the end of last year, according to Department of Education statistics.
|
|
Those bonds have been in default since 1939, according to the SEC, and the obligations are not recognized by China's current government.
|
|
The Abu Dhabi fund said 22013MDB and Malaysia's finance ministry - which owns 21MDB - are in default on the terms of this agreement.
|
|
Eagan Avenatti LLP failed to make the first payment and found itself in default, which put Avenatti himself in a financial pickle.
|
|
The average annual income for student loan borrowers in default in 2009 was $28,680, according to Mark Kantrowitz, an expert on student debt.
|
|
The majority of those securities will likely be added to the list of "Puerto Rico bonds in default," according to Moody's Investors Service.
|
|
Yu's only advice here is to remain in default until your situation stabilizes enough that you are certain you will never default again.
|
|
"Iran is unquestionably in default of the spirit of the [deal]," a senior administration officials told reporters on a conference call Monday evening.
|
|
Last year, the agency said it found more than 8 million borrowers were in default on more than $110 billion in student loans.
|
|
The firm is technically in default after missing payments on both the interest and principal for more than one month, the sources said.
|
|
Its bond prices were already trading in default last September, when Hurricane Maria trashed the island's infrastructure and sent them tumbling even further.
|
|
A Trump official told reporters that members of his team "judge that Iran is unquestionably in default of the spirit," of the deal.
|
|
Linn Energy said it delivered the mortgages associated with the notes and it was no longer in default in relation to these notes.
|
|
Holders of the Evergreen Industries Holding Group Ltd bond, now in default, claim that underwriter Industrial and Commercial Bank of China (ICBC) (601398.
|
|
With the P30 Pro, you can just point and shoot in default mode, and you'll get usable photos even in totally impossible conditions.
|
|
The action is aimed at three GO debt issues sold by the U.S. territory in 2012 and 2014 that were already in default.
|
|
It is already in default on nearly all of the $60 billion in bonds issued by Venezuela's government and state oil company PDVSA.
|
|
But at a Calpers board meeting in September, some trustees said it was time to find Loyalton in default and cut the pensions.
|
|
JCF said in its court filing that Talon and related companies have been in default on the loan since July 2 last year.
|
|
Borrowers in default can forget buying a house: If your loan hits that low, you won't be able to purchase any real estate.
|
|
Under Canadian law, a defendant in default "is deemed to admit the truth of all allegations of fact" made in the plaintiff's claim.
|
|
Last year, the CFPB found that more than 8 million U.S. borrowers are in default on more than $110 billion in student loans.
|
|
Valeant's failure to file audited financial statements on time may put it in default and potentially force it to repay slugs of debt.
|
|
Fifteen of HICL's infrastructure investments are in default under their loan agreements as a result of Carillion's connections with the projects, HICL said.
|
|
In default mode, the system uses an incline sensor to detect when you're going up a hill and then kicks in to assist.
|
|
The plan would also halt interest accrual, as well as collections on debts -- including wage or tax refund garnishment -- for borrowers in default.
|
|
According to a 2016 Government Accountability Office report, nearly 40 percent of borrowers 65 and older were in default on federal student loans.
|
|
Since 2012, it has brought cases against 19 municipal issuers over faulty disclosures, most of which have settled or ended in default judgments.
|
|
IPIC said 23.5MDB was in default of that agreement, after the Malaysian fund failed to repay the loan, now at $23.5 billion with interest.
|
|
Others have decried the sexism inherent in default-female voice assistants, compounded when these A.I.s demure when a user sends abusive language "her" way.
|
|
So far, the company is considered to be in default on some interest payments, though it continues to repay principal, according to rating agencies.
|
|
Fewer than 9,000 people had applied by the start of May 2018 and more than 25,000 eligible veterans were in default, per USA Today.
|
|
More than a dozen companies, with debt totaling up to US$17bn to US$19bn, are already in default on interest payments, said Clark.
|
|
JPMorgan Chase CEO Jamie Dimon, in his annual letter to investors, blamed the federal government for the rise in default rates for student loans.
|
|
About 900 of the layoffs are in the bank's home lending unit, reflecting declines in application volume and the number of customers in default.
|
|
The Higher Education Act provides student loan borrowers in default with two ways to get their loans back into good standing: consolidation and rehabilitation.
|
|
The P30 Pro's Night Mode is useful for taking photos of buildings, but most of the time you can just shoot in default mode.
|
|
Seventy percent of student loan borrowers who are in default could have qualified for lower payments, according to a recent estimate from the government.
|
|
They're either in default (22%), in deferment (12%), in forbearance (8%), delinquent (11%), or on an income-driven repayment plan but paying nothing (6%).
|
|
The owner was Kola Aluko, a Nigerian billionaire who's been charged with money laundering and was in default on a mortgage on the property.
|
|
Worse still, a perverse policy underlying many state laws almost ensures that many of those in default will never manage to repay their loans.
|
|
One of the main legacy issues from the crisis is the level of bad loans — which includes loans where the borrower is in default.
|
|
If your federal student loans are currently in default, you're probably familiar with the federal government's collection efforts, including wage and tax refund garnishment.
|
|
But if you choose to stay in default, you'll get a little break for now from these other measures to pay back the loans.
|
|
"There should be no federal loan borrowers in default," said Natalia Abrams, executive director of Student Debt Crisis, a group that advocates for borrowers.
|
|
The New York Fed studied FHA-insured mortgages, the riskiest slice of the market, to gauge how fintechs and banks compare in default rates.
|
|
The benchmark GO bond, trading in default without a yield, changed hands at just under 60 U.S. cents on the dollar before the storm.
|
|
The term would also apply to Imamu Nabi, born Avery Luter, a Vietnam veteran and drug addict who is one of those in default.
|
|
They said fewer than 9,000 eligible veterans had applied for loan discharges as of April 2018, and more than 25,000 veterans were in default.
|
|
Nearly 44 million Americans owe more than $1.5 trillion in federal student loans and more than 4.2 million borrowers were in default as of 2016.
|
|
If you have private student loans, missing payments is even more serious; you could be considered in default as soon as you miss one payment.
|
|
If you have a co-signer on a private loan, you could be considered in default if the co-signer files for bankruptcy or dies.
|
|
The bonds are thinly traded given they are in default, and behave more like an equity as no change in yield accompanies their price movements.
|
|
The Forbes family says that because of the missed interest payment, a loan of $218 million it made to the buyers is now in default.
|
|
The number of governments in default to private creditors fell last year to its lowest level since 1977, according to the Bank of Canada's database.
|
|
Pdvsa and the Venezuelan government are already in default on more than $50 billion in bonds after failing to make interest payments since last fall.
|
|
As the city's all four outstanding bond obligations are in default, the Long-term local currency IDR has also been downgraded to 'D' from 'RD'.
|
|
On Monday, the Trump administration said Iran was complying with the nuclear agreement but that it was in default of the spirit of the accord.
|
|
In October, he arranged for a meeting of the hotel's unit owners, where they voted to declare the Trumps in default of their management agreement.
|
|
According to Bagley, the payments represent an entitlement, and the courts have been clear that the government needs to pay entitlements, or be in default.
|
|
A top international credit agency said Tuesday it would consider the United States government in default of its debt obligations if it misses interest payments.
|
|
There is currently a record high 8.9 million federal student loan borrowers in default, and another 1 million borrowers default each year, according to TICAS.
|
|
In order to comply with the STS framework, deals must be backed by homogeneous collateral that is not in default at the time of issuance.
|
|
Last month the company disclosed that it was in default because it had failed to make a $3 million payment on a $10.8 million promissory note.
|
|
Real estate investment firm Colony Capital purchased the ranch from Jackson shortly before his death in 2009 when the singer was in default on a loan.
|
|
Missing payments for nine months would put you in default which may damage your credit and exclude you from government-sponsored student loan repayment and forgivenessprograms.
|
|
Peterson, follows the awarding of billions of dollars in default judgments against Iran for its role in the deadly 1983 bombing of Marine barracks in Beirut.
|
|
If Guaidó does take power, he will immediately be faced with more than $90 billion in outstanding debt, the vast majority of which is in default.
|
|
Venezuela and PDVSA are in default on nearly $50 billion in international bonds because they have failed to make more than $2 billion in interest payments.
|
|
The Venezuelan government and Pdvsa are already in default on more than $50 billion in bonds after failing to make interest payments since late last year.
|
|
But on April 21th the Gulf fund said 1MDB was "in default" on the deal, and stopped making payments to bondholders, including $50m due this week.
|
|
Trump also called on the Republican National Committee to intervene, saying the RNC would be "in default of their pledge to me" if it doesn't act.
|
|
"We are already in default," said the head of one small Ivorian export company, adding that his company would not be able to deliver 15,000 tonnes.
|
|
Wage garnishment is put on hold If you have federal student loans, the government can legally come after your wages if your loans are in default.
|
|
The company and the Venezuelan government are in default on more than $50 billion in bonds after failing to make interest payments since late last year.
|
|
"The difference in default rates varies across specifications but is statistically significant in almost all of them and the magnitude is economically large," the report reads.
|
|
Argentine bond spreads widened by 108 basis points to 2,143 over safe-haven U.S. Treasury paper in pre-market hours, indicating an increase in default risk.
|
|
The lower combined ratio levels primarily reflect accounting rules which prevent mortgage insurers from establishing a loss reserve for a loan that is not in default.
|
|
Maduro's government has halted almost all foreign debt payments, leaving Venezuela and PDVSA in default on around $40 billion in bonds, according to Thomson Reuters data.
|
|
According to the documents, Cohen was in default by December 2017 on more than $20 million in loans backed by New York taxicab medallions he owned.
|
|
Fitch Ratings cut the rating on the notes, which were issued by OOG subsidiary Odebrecht Offshore Drilling Finance Ltd, to "D" - or in default - from "CC" previously.
|
|
The bonds, which trade in default and carry no yield, have since edged higher to 24.995 cents on the dollar on Thursday, according to Thomson Reuters data.
|
|
He eliminated currency controls and grains export taxes, lowered utility subsidies, and settled a long-standing lawsuit with bond-holders that had kept the country in default.
|
|
According to data collected by the National Independent Auto Dealers Association, more than a third of these loans (35.5%) ended in default in 2018, further damaging credit.
|
|
If you&aposre then still unable to pay, you&aposll be in default and won&apost be able to use the service again, according to its website.
|
|
The White House recently recertified the Iran deal in July, but officials at the time emphasized that Iran is "in default of the spirit" of the agreement.
|
|
This effectively means the PONV is reached upon insolvency or default, which is a similar point at which senior unsecured debt is considered to be in default.
|
|
Venezuela and state oil company PDVSA are in default on most of their $60 billion in outstanding bonds, with some $3.6 billion in backed up debt service.
|
|
"This expiry means that certain members of the group are now in default under their financial obligations - obligations that are guaranteed by (NWR production subsidiary) OKD," NWR said.
|
|
Venezuela and PDVSA are in default on nearly all of their bonds, but have been careful to pay off the 200 issue to avoid losing control of Citgo.
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But if you're using these apps in default mode, you may not be getting to your destination as quickly as possible—here are some tips to change that.
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"A defendant who has been noted in default is deemed to admit the truth of all allegations of fact made in the statement of claim," the judge wrote.
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When the deal fell apart late Friday night, some experts feared that the utility would be declared in default for failing to make required payments on the debt.
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But among the loans that ended up in default, or with about nine months of missed payments, 44 percent had been taken out by for-profit college students.
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This is similar to the point at which senior debt is considered to be in default and Fitch expects pre-emptive support to be provided to avoid insolvency.
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Macri has eliminated currency controls and grains export taxes, lowered utility subsidies and settled a long-standing lawsuit with bond-holders that had kept the country in default.
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They say if the sukuk was legal when the deal was struck, it holds, and if it was illegal then it would mean the company is in default.
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SAO PAULO (Reuters) - Energy distribution subsidiaries of Brazil's state electricity utility Eletrobras are in default on payment for energy contracts that were forged in previous government supply auctions.
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It has eliminated currency controls and grains export taxes, lowered utility subsidies and settled a long-standing lawsuit with bond-holders that had kept the country in default.
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In cov-lite loans, "even companies in default can now make restricted payments, pay junior debt subordinated to you, or pay new debt," he said on his podcast.
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Driving the change, in part, is the increasing concern about the ability of students to repay loans, as about one in eight federal student loans are in default.
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Once federal student debt is in default, the government is able to garnish your wages, your Social Security check, your federal tax refund and even your disability benefits.
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In default, the government can withhold any annual tax refunds you may be due to collect, as well as garnish a portion of wages earned at a job.
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Maybe they should turn to the 8 million students currently in default on their federal loans before sweetening the pot for our next generation of consultants and lawyers.
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Related: States sue Betsy DeVos over student loan rule delay The Education Department is also considering making only those borrowers who are in default qualify for loan forgiveness.
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Talks between Argentina, which is in default on some sovereign bonds, and U.S. hedge funds led by billionaire Paul Singer's Elliott Management are set to resume on Wednesday.
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This effectively means the PONV is reached upon insolvency or default, which is similar to the point at which senior unsecured debt is considered to be in default.
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If your federal student loans are in default, you may have had your wages or other income garnished by the federal government to pay back what you owe.
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The SME unit would also buy so-called "unlikely-to-pay" loans, which are not yet in default and could be recovered by turning around the troubled borrower.
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Once federal student debt is in default, the government is able to garnish your wage, your Social Security check, your federal tax refund and even your disability benefits.
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In the absence of cross-repayment obligations, credit enhancement or liquidity reserves, the bond would be in default if any of the joint issuers fail on their obligations.
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In the absence of cross-repayment obligations, credit enhancement or liquidity reserves, the bond would be in default if any of the joint issuers fails on their obligations.
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The government and PDVSA are now in default on all of their foreign bonds and currently owe Wall Street investors nearly $20 billion in unpaid interest and principal.
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The number of borrowers who are stuck in default — which can have devastating consequences on someone's credit, and lead to wages and taxes being garnished — has continued to climb.
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That is nearly double the spread on bonds issued by Mozambique, which is already in default, and more than six times the spread on bonds from war-torn Ukraine.
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While the default rate is down slightly, a quarter of those receiving federal direct loans were delinquent or in default at the end of 28503, a recent analysis found.
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ESMA tested 16 European clearing houses with 900 members such as banks, and holding a total of 270 billion euros in default fund contributions and cash for backing trades.
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Verizon — Verizon was notified by New York City officials that it was in default of an agreement involving the buildout of its Fios high speed internet and TV service.
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In a letter to the president and CEO of Overseas Private Investment Corporation (OPIC), the Special Inspector General for Afghanistan Reconstruction (SIGAR) also said the loans are in default.
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Output has fallen by more than a quarter since 2010, around 25 percent of the work force is unemployed, and about half of all bank loans are in default.
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The Consumer Financial Protection Bureau (CFPB) said about 43 million consumers owe money on student loans, and one in four student loan borrowers are past due or in default.
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Transocean — The offshore drilling contractor announced that wealth advisory firm Wilmington Trust filed a lawsuit against Transocean-subsidiary Global Marine, alleging the company is in default of $300 million.
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Unfortunately, too few borrowers today actually are in repayment on their loans (when adding in the number of student and parent borrowers in deferment, forbearance, delinquent, or in default).
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It'll let people miss an entire year's worth of payments before putting the loan in default and even let defaulters get their loans back in good standing through rehabilitation.
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Although an American college degree remains a good investment on average — the higher earnings for most graduates justify the cost — millions of borrowers are in default on their loans.
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But neither Venezuela's sovereign debt nor that of its national oil company has been declared in default by creditors, though Standard & Poor's says the conditions exist for a default.
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Part of the reason for the $500 million loan was that Neumann's removal from the executive role at the company risked putting him in default with his JPMorgan loans.
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Your mortgage is in default, your car is being repossessed, and you wonder whether you'll be able to find a job, much less one that pays a decent wage.
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One of Neiman Marcus' debt investors claims the struggling luxury department store may be insolvent and in default on its bonds after shuffling around some assets earlier this month.
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His ascent was greeted with excitement by investors holding Venezuela and state oil company PDVSA bonds, which hit their highest level since 2017 despite being almost entirely in default.
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But the White House said Iran was "unquestionably in default of the spirit" of the deal, and the US is now mulling new sanctions outside the confines of the accord.
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Verizon (VZ) was notified by New York City officials that it was in default of a 2008 agreement involving the buildout of its Fios high speed internet and TV service.
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Q. If, as you say, the JCPOA is so bad and Iran is in "default" of its "spirit," then why did the administration—for the second time—recertify Iran's compliance?
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It is also in talks with investors to shed up to 500 million euros in loans which are not yet in default but are unlikely to be repaid in full.
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Some issuers in Indonesia go further by stipulating that if their sukuk cease to be sharia-compliant, they will be declared in default, mature immediately and become repayable to investors.
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"Carven is in default on payments and will on Wednesday be asking to be placed under bankruptcy protection of the Paris commercial court via receivership procedures," a Carven spokesman said.
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Above-average Recovery Prospects in Default Scenario We apply a going-concern approach and assume a post-restructuring EBITDA of GBP382m, and an enterprise value (EV)/EBITDA multiple of 4.5x.
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Millions of people are in default, and many young people are graduating into adulthood facing payments that limit their ability to buy homes and to start families of their own.
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More than 3.2 million federally-held student loans are more than 31 days delinquent and another 7.7 million are in default, according to the Education Department's most recent quarterly data.
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Over half say it's preventing them from saving for retirement or for an emergency; more than 10 percent of borrowers are in default because they can't pay their minimum balance.
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"We have banned the exporters in default from access (to the auctions), and they will not have new export licences next season," said a second source at the marketing board.
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The percentage of high-yield debt in default issued by U.S. oil and gas producers hit 210 percent last month, a record since Fitch Ratings began tracking the data in 463.
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More troublingly, income-based repayment has done little to help borrowers who are already in default, including those who defaulted outside of the three-year window captured by the default rate.
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Manafort was also in default on those properties, according to the bank, owing more than $10.6 million on the Water Mill house and more than $6.7 million for the Brooklyn property.
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One example: Mozambique, already in default on about $2 billion of external commercial debt thanks to the tuna bonds scandal, put 25% of its government revenue toward debt payments last year.
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In 2014, Scott Nailor, a high school English teacher from Scarborough, Maine, went more than 270 days without making a payment on his student loans and so ended up in default.
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Federal student loans in default are eligible for rehabilitation, a process that restores loans to good standing after nine monthly payments to a collection agency contracted by the Department of Education.
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EPF also said a 6.5 billion ringgit ($1.5 billion) loan taken out by Felda Global Ventures' parent, Felda Holdings, is not in default and that Felda continues to service the loan.
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Two were far more controversial: purchasing Treasuries with delayed coupons in an effort to take them out of the market, and swapping Treasuries that weren't in default for those that were.
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Puerto Rico's benchmark 2035 General Obligation debt, which trades like an equity given it is in default, fell to an all-time low on Wednesday of 24 cents on the dollar.
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By the late 1970s, Cleveland was in default and most people blamed the Democratic mayor, Dennis Kucinich, who constantly fought electric utilities, the city's banking community and other big-business interests.
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A possible extension of the scheme to UTP loans, which unlike bad loans are not yet in default, had been mooted but the government source ruled it out for the moment.
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The company's failure to file audited 2015 financial statements on time may put it in default and potentially force it to repay slugs of debt – something it might struggle to do.
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In the United States, the number of borrowers in default rises every year, even if the default rate falls, because defaulted borrowers are unlikely to return their loans to good standing.
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That would mark a substantial shift from 43, when the IDB loaned just $24 million to Latin America's No. 23.9 economy, which was in default under former populist President Cristina Fernandez.
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During a campaign swing in South Carolina on Monday, Trump said that the RNC was "in default of that pledge," stoking speculation that he could still mount a third-party bid.
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Trump also said in a statement that the RNC would be "in default" of its pledge if it didn't stop the attack ads being aired against him by rival candidate Sen.
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But after looking at repayment trends five years after graduation, Miller found that almost 25% of graduates from for-profit colleges are in default, and 44% face some form of loan distress.
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The government of President Nicolas Maduro has halted almost all foreign debt payments, leaving Venezuela, which has a debt load of around $60 billion in direct and subsidiary foreign bonds, in default.
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Molina Chief Executive Dr. Mario Molina told Congress in a letter that without the payments, the company would consider the government in default and drop its contracts for failure to pay premiums.
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Brooks is one of about 245 million Americans with outstanding student loans, with about one-third in default, deferment or forbearance due to financial stress, according to U.S. Department of Education data.
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The Democratic presidential nominee was declared in default by the court clerk Friday — a designation that simply means she was served with court documents and that she did not answer the complaint.
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A study following the undergraduate class of 2005 found that as of 2010, a whopping 63 percent of these people were in default, forbearance, deferment or were otherwise delinquent on their loans.
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Meanwhile investors in cash-strapped OPEC nation Venezuela are expecting to hear from finance industry association ISDA if Venezuelan state oil company PDVSA is in default because of a delayed bond payment.
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This level of AP provides for at least 91% recoveries on the covered bonds assumed to be in default in a 'BBB+' scenario but prevents timely payments above the 'BB+' rating floor.
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Whether or not that is true, the initiative ignores those federal student loans that are in default, a figure that continues to grow by almost $25 billion and 85033,000 borrowers per year.
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In 2016, a clerk for the U.S. District Court in Washington, D.C., declared Bruyneel and Tailwind Sports to be in default in the case after they failed to answer to the lawsuit.
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The Trump administration on Monday certified Iran's compliance with the nuclear agreement reached two years ago under the Obama administration, but said Iran is "in default of the spirit" of the accord.
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The company, which is in default on its debt payments, did not give details about the transaction but said it will not generate cash flow for ICA and will provide working capital instead.
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"We want to see reductions (in debt) over the course of 3 years and at the same time we are able to service these debts, we will not be in default," Lim said.
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There's also lingering fear of the next debt-ceiling showdown ending in default — possibly resulting in mass repricing of risk across all asset classes, which in turn could precipitate a global financial panic.
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WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew said on Tuesday that Puerto Rico was "for all practical purposes" in default and needed a full restructuring of all its debt, including general obligation bonds.
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But the Trump administration coupled its certification to Congress of Iran's compliance with a blistering critique of Iran's non-nuclear activities, saying Iran is "unquestionably in default of the spirit" of the deal.
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For example, it has eliminated a 2015 Obama administration guideline that prevented debt collectors from charging high interest rates — some as high as 16 percent — on borrowers in default who quickly resume payments.
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The deal is the biggest transaction in Italy so far involving so-called 'unlikely-to-pay' (UTP) loans, which are not yet in default but are deemed unlikely to be repaid in full.
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RBS also said there was a modest increase in default rates among personal banking customers, a decline in property valuations in the retail sector and large companies delaying financing due to Brexit uncertainty.
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But the U.S. Department of Education reports that more than eight million federal student loan borrowers — close to 20 percent — are in default and haven't made a payment in at least a year.
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The federal government makes most student loans, and about a quarter of current federal loan borrowers are delinquent or in default, according to a report last year from the Consumer Financial Protection Bureau.
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They are going to continue paying in francs, so there is no value to the capital markets in keeping the country in default for months on end if the situation would just continue.
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This would reduce the (too large) number of people who are behind or in default, often because they are not aware of the confusing array of income-driven repayment programs that already exist.
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Linn also said it is currently in default of its credit facility because its auditors could not sign off on its financial statements without noting their doubts about the company's ability to continue.
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The company said last month it would miss a US$9.6m interest payment due on its 7 percent unsecured perpetual notes, and its 30-day grace period has expired, putting it in default.
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The Trump administration has stopped seizing the wages, tax refunds and Social Security benefits of people who are in default on their federal student loans, an administration official confirmed to POLITICO on Tuesday.
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Fernandez de Kirchner, who feuded with the farm sector during who two-terms in office and whose battles with bond-holders kept the country in default, is running as Fernandez's vice presidential candidate.
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OMA said Santander sold 3.7 million "series B" shares, which were part of an equity swap with Aeroinvest, a subsidiary of ICA , Mexico's largest construction company which is in default on debt payments.
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The change follows a previous rule approved by the energy ministry that gave Pemex the right to vote on the project's development plan, work program and budget even if it was in default.
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It's only been hours since the International Swaps and Derivatives Association formally declared the Venezuelan government and the state-owned oil company PDVSA in default for not having paid their debts on time.
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KUALA LUMPUR/SINGAPORE (Reuters) - An Abu Dhabi sovereign fund said on Monday Malaysia's troubled state fund 21.75Malaysia Development Berhad (21MDB) was in default of its obligations on $2681 billion in debt and interest.
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It has been effectively in default on its $26.5 billion in unsecured bonds since early November, and it owes roughly $60 billion more to its service companies that drill and maintain its fields.
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This allegedly included the sale by Taylor Bean to Colonial of mortgages that had already been sold to other investors, and Colonial receiving stakes in mortgages that had no collateral or were in default.
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HP OfficeJet CPP based on high-capacity HP 970XL/5083XL, 950/951 XL, and standard-capacity HP 980 ink cartridges' estimated street price, published yield for color prints, and continuous printing in default mode.
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The Crystallex case has been closely watched by investors holding billions of dollars in Venezuelan bonds, which are almost all in default as the OPEC nation struggles under the collapse of its socialist economy.
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A wrangle over rules to protect thousands of borrowers in default on their loans from losing their primary residence delayed the release of 0003 million euros from Greece's euro zone creditors earlier this month.
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The creditors released a statement at midnight on Friday, as soon as the expiration date had passed, saying a deal was off, but did not say whether they would now declare Prepa in default.
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The big picture: The number of Americans in default on their car loans is hitting record highs, but the default rate is not: Auto lenders have been issuing many more loans in recent years.
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Additionally, Fitch believes the difference in default risk between the preferred and non-preferred senior debt will initially be very small until the bank has larger buffers of non-preferred senior and junior debt.
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On Monday, the Trump administration said Iran was complying with the nuclear agreement but it was also in default of the spirit of the accord and Washington would look for ways to strengthen it.
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Student loan debt in total stands at $1.5 trillion, up $20 billion in the third quarter, with 10.9% borrowers in default, or 90 or more days past due for the 43 million Americans impacted.
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The new executive actions, which the Trump administration is expected to announce this week, provide a reprieve for the more than 9 million federal student loan borrowers who are in default on their debt.
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It's not hard to envision the furor that would ensue among those earnest souls who've diligently paid off their debts, which most borrowers continue to do, in spite of upward trends in default rates.
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In July, the Trump administration certified Iran's compliance with the deal, but said the country is "in default of the spirit" of the accord, citing its "malign activities" outside of the nuclear deal's terms.
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Some new consumer protections were also added to the bill including offering Americans free credit freezes and barring lenders from declaring a student loan in default when a co-signer dies or declares bankruptcy.
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Many of them neglect to inform borrowers of their options, because doing so takes too much time, and will now be allowed to once again collect exorbitant fees when borrowers end up in default.
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When it comes to student loan debt, 85033 percent of borrowers were either 90 days late or already in default by the second quarter of this year, up from 9.9 percent the previous year.
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CARACAS (Reuters) - Despite being in default on most of its debt, Venezuelan state oil company PDVSA has made a $90 million interest payment on a bond largely purchased by Goldman Sachs Group Inc (GS.
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The deal, expected to be clinched this month, is the biggest transaction in Italy so far involving UTP loans, which are not yet in default but are deemed unlikely to be recovered in full.
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Besides the NPLs, which are loans in default and highly unlikely to be repaid in full, the Bank of Italy says there are a further 4 billion euros of problematic debt that could become NPLs.
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Much of Caracas' sovereign debt has long been classed as in default but debt of Venezuela's state oil company PDVSA, in this case the 2020 bonds backed by assets of refiner Citgo, have obvious attractions.
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Editor's note: This piece was updated with new details from S&P, which now says its report shows Murray Electric was in default at the time but now has a forward-looking rating of CCC+.
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States were scored by several factors, including the unemployment rate for people age 25 to 34, the percentage of students with loans past due or in default and the availability of jobs for recent graduates.
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At that time, the Trump administration coupled its certification to Congress of Iran's compliance with a blistering critique of Iran's non-nuclear activities, saying Iran was "unquestionably in default of the spirit" of the deal.
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Deutsche executives hope the decline in default protection costs will be an important development for Germany's largest lender, which has battled with soaring CDS spreads in recent years whenever troubles around the bank have flared.
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LONDON (Reuters) - Emerging markets trade group EMTA has recommended that bonds issued by Venezuela's state-owned oil firm PDVSA should be traded "flat", or without accrued interest, the way bonds in default are typically traded.
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TAIPEI/HONG KONG (Reuters) - Taiwan's military pension fund may be in default by 2020 after years of widening deficits, raising alarm about the island's defense stability when tensions are heating up with political foe China.
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At trial, Bliss said that rather than categorizing companies that missed interest payments as in default, Tilton improperly categorized them as current to avoid, among other things, the loss of $200 million in managements fees.
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Additionally, Fitch believes the difference in default risk between the senior preferred and senior non-preferred debt will initially be very small until the bank has larger buffers of senior non-preferred and junior debt.
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In most cases, the agencies do not simply perform traditional collection activities, but rather, engage borrowers that are in default on how best to successfully achieve loan rehabilitation, pursue loan discharge, or consolidate their loans.
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WASHINGTON, March 22 (Reuters) - U.S. Treasury Secretary Jack Lew said on Tuesday that Puerto Rico was "for all practical purposes" in default and needed a full restructuring of all its debt, including general obligation bonds.
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He arranged for the hotel's unit owners to meet — the Trumps say he falsely portrayed the session as a "meet and greet" — and they voted to declare the Trumps in default of their management agreement.
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Analysts at Moody's and research firm Covenant Review warned earlier in the week that the deal contains off-market, complex terms allowing the company to pay dividends using asset sales proceeds, even when in default.
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The administration announced in mid-July its certification of Iran's compliance but insisted the country is "in default of the spirit" of the accord, citing its "malign activities" outside the realm of the nuclear deal.
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RATING SENSITIVITIES Unexpected increases in default rates and unexpected decreases in recovery rates on defaulted loans could produce loss levels higher than Fitch's base-case, which could lead to negative rating action on the notes.
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"I signed a pledge, but it's a double-edged pledge, and as far as I'm concerned they're in default of the pledge," he said at a campaign event outside of Charleston, S.C., The Guardian reported.
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MUMBAI, Jan 1 (Reuters) - The Reserve Bank of India said it will allow banks to restructure loans to small and medium sized-companies that are in default but standard as of the beginning of the year.
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On Thursday, the U.S. government asked the 2nd U.S. Circuit Court of Appeals in New York to uphold the lifting of the injunctions, given the country's efforts to settle litigation over bonds in default since 2002.
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The SEC has accused Tilton of defrauding investors in the three collateralized loan obligation funds by miscategorizing companies that missed interest payments as current rather than in default to avoid losing $200 million in managements fees.
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EXPECTED RATING SENSITIVITIES Unexpected increases in default rates and unexpected decreases in recovery rates on defaulted loans could produce loss levels higher than Fitch's base-case, which could lead to negative rating action on the notes.
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Some "promoters" of companies, as founding shareholders of Indian companies are known, have long made full use of a loophole of local corporate law that thwarted banks' attempts to seize companies in default on their loans.
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The increased cost of borrowing could further curb growth in card portfolios - already one of the slower consumer credit segments in Mexico - and trigger a rise in default rates which have yet to see an uptick.
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Italy said in September it would start talks with European competition authorities to obtain approval for a new programme, possibly widening its scope to include "unlikely-to-pay" (UTP) loans which are not yet in default.
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In an eight-page letter sent on Wednesday, Brough laid out why the restructuring was the only option for the company's survival as it was already in default on its $3.4 billion of its debt obligations.
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But in 2015, the SEC accused Tilton of defrauding investors in the three Zohar funds by miscategorizing companies that missed interest payments as current rather than in default, to avoid losing $200 million in management fees.
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RATING SENSITIVITIES Unexpected increases in default rates and unexpected decreases in the recovery rate on defaulted loans could produce loss levels higher than Fitch's base case, which could result in negative rating action on the notes.
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The Institute for College Access and Success shows that 8.5 million borrowers were in default as of June 303, 2017, and more than half of those defaults came in the first half of this year alone.
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About 20 percent of defaulted borrowers put their loans through rehabilitation, so while there are currently about 8 million people in default on the books, the actual number of defaulters is closer to 9.6 million people.
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CARACAS (Reuters) - Derivatives industry association ISDA said on Tuesday it has received a question from investors as to whether the Republic of Venezuela is in default due to a late payment of coupons on sovereign bonds.
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Even though state-run power utility Corpoelec was declared to be in default on Friday for failing to make an interest payment on time, investors were heartened when the company said it had sent the money.
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Italian banks have drastically reduced defaulted loans on their balance sheets but for the most part they are yet to tackle UTP loans, which are not yet in default but are unlikely to be repaid in full.
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Its bonds had been in default for over a year, and were trading at around 250 cents on the dollar before the hurricane knocked them down to a low of less than 21980 cents in December 233.
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Two insurers of Puerto Rican bonds that are now in default sued the governor and other senior officials on Thursday, saying they had illegally diverted money from some creditors so they could pay other creditors in full.
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The Trump administration has certified to Congress that Iran is still in technical compliance with the nuclear deal negotiated by the Obama administration but is "unquestionably in default of the spirit" of the pact, the AP reports.
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A source with direct knowledge of the situation said Winterbrook held over 20 percent of at least one series of notes with an issue size of up to 110 million euros, which it now considered in default.
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It risks an inadvertent mistake that might result in default on our debt, which would have a long-term impact on the creditworthiness of the United States and on interest rates paid by consumers across the country.
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The $2 trillion stimulus bill that President Trump signed on Friday included provisions to halt evictions in some federally funded housing, defer federal student loan payments interest-free and stop collections on those who are in default.
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Puerto Rico's fiscal oversight board announced on Monday that it is asking a U.S. court to wipe out more than $6 billion of GO bonds sold by the island in 2012 and 2014 that were already in default.
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Two banks have filed petitions with the court saying that Manafort owes them millions of dollars for mortgages that are in default, and they want the court to take into account their interests when finalizing the forfeiture terms.
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CARACAS, Nov 14 (Reuters) - Derivatives industry association ISDA said on Tuesday it has accepted a question from investors as to whether the Republic of Venezuela is in default due to a late payment of coupons on sovereign bonds.
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Following the default of a private Norwegian trader earlier this week, Nasdaq Clearing asked its members on Wednesday to pay 107 million euros into its contingency fund within two business days or risk being declared in default themselves.
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The intervention by Winterbrook coincides with Novo Banco's plans to issue up to 400 million euros of subordinated notes this week, as part of which it would exchange for some of the notes Winterbrook says are in default.
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According to the firm's revolving credit facility — terms under which the firm can draw from loans — if its assets under management drop below $22 billion for more than two consecutive quarters, Och-Ziff could be declared in default.
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Since early November, Pdvsa has been effectively in default on its $26.5 billion in unsecured bonds, and it faces claims of $60 billion in missed payments from its contractors and service companies that drill and maintain its fields.
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Last month, Reuters reported here distressed investor Marble Ridge Capital LP said that Neiman Marcus may be in default on its debt after it moved its Mytheresa business into an entity belonging to the retailer's private equity owners.
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Although the agreement is strictly about Iran's nuclear program, the officials argued that Tehran was "unquestionably in default of the spirit" of the deal because of its interference in neighboring countries, its human rights abuses and other activities.
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Specialized Loan Servicing, a Colorado servicer for mortgages in default, must face a proposed class action accusing it of using home inspections as a pretext to try to collect mortgage payments, a federal judge in Chicago has ruled.
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STS deals need to have homogeneous collateral that is not in default at the time of issuance, a tall order for peripheral markets such as Spain and Italy, where collateral is less streamlined and historic default rates are higher.
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While Nasdaq said it had covered 7 million euros of the total losses, it told members of its commodity clearing operation to pay the remaining 107 million euros within two business days or risk being declared in default themselves.
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Of the 131 sovereigns tracked by S&P Global, a rating agency, Mozambique is the only other country in default, having missed payments on its Eurobond (and failed to make good on guaranteed loans to two state-owned enterprises).
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Before receiving the notice, iHeartMedia, based in San Antonio, Texas, filed a lawsuit in State District Court in Bexar County, Texas, asking for a ruling stating that the company is not in default or in violation of credit agreements.
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It is very easy for months to pass in default if the student is trying to hide what is going on, said Ken Ruggiero, president and chief executive of Ascent Funding, a private student lender based in San Diego.
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Now Petróleos de Venezuela, known as Pdvsa, is effectively in default on its $26.5 billion in unsecured bonds, and it faces claims of $60 billion in missed payments from contractors and service companies that drill and maintain its fields.
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Although statistics are limited, about 5 percent of parent borrowers are now in default on loans they took out to send their kids to college - and that figure is likely to double over the course of repayment, said Martindale.
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The government said in September it would start talks with European competition authorities to gain approval for a new scheme, possibly widening its scope to include so-called "unlikely-to-pay" (UTP) loans which are not yet in default.
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Bonds in default, some of which recently traded near 22017 cents on the dollar, have climbed closer to 28 cents but could still have plenty of room to rise, according to a note from strategists at Oxford Economics on Thursday.
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Nasdaq said on Thursday it had covered 7 million euros of the losses, and told members of its commodity clearing operation - which include Fortum - to pay the remaining 107 million within two business days or risk being declared in default themselves.
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If there are multiple federal student loans in default, the total wage garnishment must be the lesser amount between 25% of your disposable income, or the amount by which your disposable income exceeds 30 times the federal minimum wage of $7.25.
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The commission heard in June how NAB charged a cattle-farming couple in Queensland more than A$2.6 million ($2 million) in default interest alone after flooding rain followed by drought pushed them into arrears on a A$3.1 million loan.
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NEW YORK (Reuters) - A Manhattan federal judge on Thursday held a Bangladesh diplomat and his wife in default for willfully ignoring a lawsuit by a former domestic worker who claimed they forced him to work without pay in slavery-like conditions.
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The downgrades by S&P Global Ratings and Moody's Investors Service put Hartford almost at the bottom of the credit scale and mean that the agencies view the city as essentially in default with little prospect for a full bondholder recovery.
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BANGKOK, Oct 13 (Reuters) - Thai property firm Pace Development Pcl, owner of the high-end grocer Dean & Deluca, said on Monday it was in default of 2.6 billion baht ($86 million) with one of the nation's largest lenders as of Oct.
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Valeant's (VRX) corporate credit rating was lowered to B from B+ by Standard & Poor's, which said the move reflects increased risk if the drugmaker is unable to file its 10K by April 29 and is put in default by debt holders.
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It said the number of bond defaults in the year to date period has already exceeded the total for all of 2015, with more than 20 bonds in default after more than 10 issuers missed their interest or principal payments.
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"Both the hotel and the apartment building now appear to be abandoned empty shells, and both loans are in default, possibly as the result of fraud," Special Inspector General John Sopko wrote to Elizabeth Littlefield in the letter released Thursday.
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Of the 387,000 borrowers identified by the department as eligible but have not taken part in the program, about 179,000 of them are in default, potentially causing them to lose their federal tax refunds and Social Security benefits, the government said.
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The board, along with an unsecured creditors committee, asked the U.S. District Court overseeing Puerto Rico's bankruptcy case to wipe out more than $6 billion of GO bonds sold by the island in 3.83 and 2014 that were already in default.
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Valeant — Valeant's corporate credit rating was lowered to "B" from "B+" by Standard & Poor's, which said the move reflects increased risk if Valeant is unable to file its 10K by April 29 and is put in default by debt holders.
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Turning to Italian banks in general, Visco called for lenders to be more efficient and pro-active in managing soured loans, especially those that are not yet in default, and to take advantage of new accounting rules to book more writedowns.
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In addition to these two provisions, the Crapo Act contains other important provisions relating to consumer finance, including, among others, protections for student loan borrowers and cosigners of private loans, as well as servicemembers in default on their mortgage loan.
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Additionally, Fitch believes the difference in default risk between the second ranking senior notes and senior higher priority debt will initially be very small until the bank has larger buffers of second ranking (or non-preferred) senior and junior debt.
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ITT's reputation got worse every time it came under investigation or was hauled into court In 2014, the federal Consumer Financial Protection Board sued it for pushing students into high-cost private loans that were likely to end up in default.
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Index providers - whose clients have trillions of dollars in funds - have told Reuters that denominating bonds in a different currency would not necessarily mean they would be withdrawn from the indexes, even if ratings firms said the country was in default.
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It appeared that EMC operated as, to use Nye's phrase, a "mortgage toxic waste dump," taking over what the industry called "scratch-and-dent loans" in default and moving to foreclose, regardless of the homeowner's ability to cure past-due amounts.
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"We also refunded fees and interest charges to customers who were in default, and have made changes to make sure this issue is not repeated," the spokesman told Reuters, declining to comment further as the case is before the courts.
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The Trump administration has declared that Iran is in compliance with its nuclear agreement, but warned Tehran was in default of the spirit of the accord to curb the nation's ambitions and Washington would look for ways to the change that.
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President Donald Trump's administration on Monday declared that Iran was complying with its nuclear agreement with world powers, but warned that Tehran was in default of the spirit of the accord and that Washington would look for ways to strengthen it.
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While Mr. Marks does discuss buying stocks for substantially less than their intrinsic value, he and his firm are known for purchasing, among other things, distressed debt, money owed by a company under severe financial pressure, in default or bankruptcy.
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To secure financing, they would have to project a certain level of income, and if they accept less than that, they run the risk of being in default, or having their lender require them to put more equity into the building.
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More than 42 percent of loan balances are either delinquent, temporarily postponed, in default or in bankruptcy, or borrowers are seeking to shed the debt by convincing the feds that their disability prevents them from ever repaying what they owe.
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But when Miller looked at information on students loan borrowers six years after graduation, he found that 15.5% were in default, 4.8% were more than 90 days late on their payments and 10.2% were not making payments on their loans at all.
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After shedding their worst-performing loans in recent years to comply with regulatory demands to tackle the legacy of a deep recession, Italian banks have turned to UTPs which are not yet in default but are unlikely to be recovered in full.
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In 2006, LiveJournal had a brush with bad publicity because of the overzealous enforcement of a content policy: a user was asked by the site to remove a picture of her breastfeeding, which apparently violated their policy against nudity in default pictures.
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WASHINGTON (Reuters) - President Donald Trump's administration on Monday declared that Iran was complying with its nuclear agreement with world powers, but warned that Tehran was in default of the spirit of the accord and that Washington would look for ways to strengthen it.
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The debt, which has been in default since last year when the U.S. Congress passed a rescue law known as PROMESA that suspended debt payments, has dropped 11.4 points in price since a new fiscal rescue plan was accepted on March 13.
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LONDON/LISBON, June 27 (Reuters) - London-based hedge fund Winterbrook Capital said it considers several notes issued by Portugal's Novo Banco, which was carved out of Banco Espirito Santo in 2014 and sold to U.S. fund LoneStar last year, to be in default.
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Argentina's country risk - a measure of the difference between its bond yields and those issued by other countries - rose as much as 227.7240 points to a 33-month peak reached during former populist President Cristina Fernandez's administration when the country was in default.
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"In our view, Iran is clearly in default of these expectations ... through their actions to prop up the Assad regime (in Syria), to engage in malicious activities in the region, including cyber activities, aggressively developing ballistic missiles," he told a news conference.
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On Wednesday, a partnership led by Charles Kushner filed a lawsuit in federal court in New Jersey claiming that the Fulop administration put his two-towered residential complex in default in April out of a "political animus" toward the Kushners and Mr. Trump.
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With more than 7.5 million student loan borrowers in default and nearly 2 million others seriously behind on their payments, there's little question that the handful of federal programs designed to help struggling borrowers pay what they can afford aren't working for everyone.
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NEW YORK (Reuters) - The U.S. government is asking a federal appeals court to uphold the lifting of injunctions that have restricted Argentina from paying off some of its debts given the country's efforts to settle litigation over bonds in default since 6.53.
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WASHINGTON — Over the last two decades, since Congress carved out a terrorism case exception to the general rule that people cannot use American courts to sue foreign governments, victims of attacks have racked up more than $50 billion in default judgments against Iran.
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While the Trump administration in July certified that Iran is in compliance with the nuclear accord, which was negotiated to curb the country's nuclear program in exchange for sanctions relief, it argued Iran is "in default of the spirit" of the agreement.
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The Trump administration most recently recertified the Iran deal in July, but officials at the time emphasized that Iran is "in default of the spirit" of the agreement, vowing to combat the country's "malign activities" outside the scope of the nuclear accord.
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CARACAS, March 5 (Reuters) - A London-based fund is offering to buy Venezuelan bonds at heavy discounts, as the government remains in default and U.S. sanctions block some investors from trading the debt, according to three sources and a document seen by Reuters.
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After shedding 10.8 billion euros in bad loans last year in a major deal to create a joint-venture with Swedish debt collector Intrum Justitia, Intesa is now tackling UTP loans, which are not yet in default but are unlikely to be repaid in full.
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"We expect ongoing volatility for the balance of this year, and probably continuing in 2017, based on fund flows, increases in default rates and ongoing global events whether from China or elsewhere," said Gretchen Bergstresser, head of US performing credit at CVC Credit Partners.
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Mining firms' woes are adding to the headache — Hong Kong-listed Mongolian Mining Corp is in default and Reuters reported last week that state-controlled Erdenet was prevented from transacting metals sales in London after a court froze its UK assets over unpaid debts.
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Ex-Trump campaign chief Paul Manafort was in default on a multimillion-dollar mortgage for his Trump Tower condo at the time he forfeited that property to the U.S. government as part of his guilty plea, lawyers for Manafort's lender said in court papers.
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Today, 11 percent of the $1.325 trillion of federal student loans outstanding is severely delinquent or in default, higher than the mortgage default rate at the peak of the foreclosure crisis in 2010, according to data from the Federal Reserve Bank of New York.
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NEW YORK, March 24 (Reuters) - The U.S. government has urged a federal appeals court to uphold the lifting of injunctions that have restricted Argentina from paying off some debts in light of the country's efforts to settle litigation over bonds in default since 2002.
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CARACAS (Reuters) - Venezuela's state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $20193 billion, though it remained in default on its bonds as sanctions freeze it out of the global banking system.
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They considered factors such as average student debt balance, the proportion of students with debt, the share of student loans in default as well as grant and student work opportunities in order to calculate a figure that represents how severely student debt affects each state.
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The Department of Education estimates that just over 10 percent of student loan borrowers are in default, and researchers at the Center for American Progress estimate that as many as 30 percent of student loan borrowers can't keep up with debt just six years after graduation.
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PRAGUE, April 21 (Reuters) - Coal miner New World Resources said on Monday it was in default on part of its debt and would have to consider filing for insolvency at its main operating business unless the government and creditors agree on the firm's restructuring by Friday.
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Other case studies are expected to show banks providing loans without first assessing the viability of businesses, relying instead on personal guarantees and residential mortgages to back the loans, as well as loans being put in default even though business borrowers had not failed in repayments.
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But despite the bankruptcies of two airlines that have borrowed under the financing vehicle, corresponding to around 40 percent of the debt being in default, the bonds did not drop dramatically because of the implicit assumption that Etihad would bear the liabilities of the two airlines.
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NEW YORK, Sept 21 (Reuters) - Distressed investor Marble Ridge Capital LP said in a letter to Neiman Marcus Group Ltd LLC that the luxury department store company may be in default after it moved its Mytheresa business into an entity owned by the retailer's private equity owners.
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Brazil and Colombia are both signatories to the Capetown Convention which first took effect for aircraft in 2006 and which protects the right of leasing companies to recover assets by asking for aircraft to be delisted from the national register when an airline is in default.
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While the DC secretary does not have a voting role on the committee of five buyside and 10 sellside firms, the transfer of administrative duties came as part of a wider plan to strengthen the independence of the body that decides whether an issuer is in default.
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"The biggest reason for denying an application, which occurs in one-third of cases, is having accounts in default, collection or charge-offs," Nadia Balint, real estate writer and author of the study, tells CNBC Make It. That's roughly 33 percent, ranging from minor to severe cases.
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Like, last-, one year ago, we came here to Davos and we were talking about an economy which had exchange rate controls, which was in default with its creditors, and we've basically solved those problems over the last year, and I think the market is very optimistic over Argentina.
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NEW YORK (Reuters) - Distressed investor Marble Ridge Capital LP said in a letter to Neiman Marcus Group Ltd LLC that the luxury department store company may be in default on its debt after it moved its Mytheresa business into an entity belonging to the retailer's private equity owners.
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One fifth of all payday loan recipients wind up in default and with their credit ratings destroyed, which effectively bars them from getting loans for the next seven years of their lives from anyone except, you guessed it, predatory lenders, who will continue to overcharge them at every turn.
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"There's over 8 million people who are currently in default on their federal loans — it continues to be a large number, despite other improvements in the economy," said Persis Yu, director of the Student Loan Borrower Assistance Project at the National Consumer Law Center, a nonprofit advocacy group.
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The Education Department counts a borrower as being in default only once she has gone 361 days without a payment, and the Obama administration doesn't make public the number of borrowers who are defaulting on federal student loans made by other lenders in a since-discontinued bank-based program.
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While every other Puerto Rican bond is in default, and the Puerto Rican people are told to brace for severe cuts to government services, the government continues to pour hundreds of millions of their tax revenues into the COFINA trust for the payment of a small group of predatory lenders.
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In our opinion, the most significant change included in the Decree Law 2879 of 2087 May 2281, is the ability to insert a clause into lending agreements allowing the automatic transfer of ownership of real-estate assets held as collateral to a creditor once a corporate or SME borrower is in default.
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Because of the department's inaction dating to 2014 (the last year the department maintained a full complement of large and small business agencies), potentially hundreds of thousands of borrowers are languishing in default on federal student loans, unable to pursue loan consolidation, rehabilitation and loan forgiveness or qualify for additional federal student aid.
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In a climate where "there are massive amounts of unaffordable loans being made to people who can't pay them," as Sheila Bair, the former head of the Federal Deposit Insurance Corporation, described the student debt problem in Barron's earlier this year, nearly 20163 percent of those loans are already delinquent or in default.
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Around a decade after he graduated, his loans were in default, a fate expected to claim 40 percent of student loan borrowers by 403, according to the Brookings Institution, a nonprofit public policy organization based in Washington, D.C. Tallini was starting his own law practice, and desperate to bring his loans back into good standing.
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Around a decade after he graduated, his loans were in default, a fate expected to claim 210 percent of student loan borrowers by 218, according to the Brookings Institution, a nonprofit public policy organization based in Washington, D.C. Tallini was starting his own law practice, and desperate to bring his loans back into good standing.
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Loosely held together by the friendship between two older men (French veteran Rufus and fellow Georgian Amiran Amiranashvili), the film's manifold threads involve an aristocrat in default, bickering couples, the black market exchange of weapons for rare books, escaped livestock, an instance of voodoo, and the wooing of a woman through feigned contempt for Ludwig van Beethoven.
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Three public troubled banks have been placed under provisional administration and are expected to deliver resolution plans in the coming months, while the Banque Gabonaise de Developpement (BGD), which is 52%-owned by the state, missed a payment in September 2014 on a private senior debt obligation issued in the regional market and has since been in default.
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Double-tap the power button when the screen is off or from the lock screen, double-tap power button from home screen or while in an app to launch the default camera app or a preset third-party camera app like Snapchat, and double twist to switch between from and selfie camera in default camera app.
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But many are borrowers of limited means who ended up in default unnecessarily, after Navient and the DOE's other servicers steered them away from affordable repayment plans and into options that reduce the servicers' costs, according to state and federal investigators and regulators, consumer advocates and a growing number of lawsuits and complaints filed against loan servicers.
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"In our view, Iran is clearly in default of these expectations of the JCPOA," Tillerson said, referring to the deal using the acronym for its formal name, the Joint Comprehensive Plan of Action, and citing a laundry list of grievances, including Iran's support of the Assad regime in Syria, and they continued development of ballistic missile technology.
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Cohort default rates, known as CDR, on borrowers during their first three years of repayment are used by the U.S. Department of Education to determine a school's eligibility in the federal financial aid program, which allows schools to award federal direct student loans and Pell Grants; loans that are more than 360 days past due are considered to be in default.
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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.
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The 78.74% AP the issuer publicly undertakes to apply in the programme's asset coverage test (as of the April 2016 investor report) provides recoveries of at least 91% on the covered bonds assumed to be in default in a 'A+' scenario and allows a two-notch recovery uplift from the 'A-' tested rating on a probability of default (PD) basis.
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In July, according to the paperwork filed in State Supreme Court in Manhattan, the co-op informed the theater that it was in default of its lease on two fronts, which could result in eviction: One, the noise from its air-conditioning units and the films themselves were "intolerable" to a resident of the building and two, there was an unpaid bill to a painting company.
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Acquisitions of student loan portfolios over the past two years have been complicated by the emergence of technical default risk on FFELP securitizations that stems from the myriad government-sponsored student debt payment relief programs that have slowed the pace of borrower repayments, and may result in certain ABS transactions being in default if the bonds are not fully repaid by their legal final maturity dates.
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The Greek government spent far too much borrowed money; ordinary Greeks have suffered terribly from austerity; the imposition of austerity programs was brutally undemocratic; rich Greeks don't pay their taxes; the main beneficiaries of the Greek bailouts were the banks that had recklessly lent money; for more than half of the time since the creation of an independent Greece, in 1832, the Greek state has been in default on its debts.
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The report added that both Attorney General Loretta Lynch and Treasury Secretary Jack LewJacob (Jack) Joseph LewHogan urges Mnuchin to reconsider delay of Harriet Tubman bill Mnuchin says new Harriet Tubman bill delayed until 85033 Overnight Finance: US reaches deal with ZTE | Lawmakers look to block it | Trump blasts Macron, Trudeau ahead of G-7 | Mexico files WTO complaint MORE are "in default of their legal obligation" on this front.
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The 'AAsf' rating is the cap on Chinese structured finance transactions due to the early stages of development of securitisation markets in China, and the Local-Currency Issuer Default Rating of 'A+' EXPECTED RATING SENSITIVITIES Unexpected increases in default rates and unexpected decreases in recovery rates on defaulted loans could produce loss levels higher than Fitch's base case, which could lead to negative rating action on the notes.
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Republican presidential front-runner Donald TrumpDonald John TrumpPossible GOP challenger says Trump doesn't doesn't deserve reelection, but would vote for him over Democrat O'Rourke: Trump driving global, U.S. economy into recession Manchin: Trump has 'golden opportunity' on gun reforms MORE on Monday again hinted at a possible third-party run, saying that the Republican National Committee (RNC) is "in default" of an agreement and is not treating him fairly.
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Lawyers for Hillary ClintonHillary Diane Rodham ClintonTop Sanders adviser: Warren isn't competing for 'same pool of voters' Anti-Trump vets join Steyer group in pressing Democrats to impeach Trump Republicans plot comeback in New Jersey MORE are pushing back on a court entry declaring her in default in a wrongful death suit brought by the parents of two of the men killed during the 2012 attacks on the American outpost in Benghazi, Libya.
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As if that is not bad enough, the PROSPER Act would also eliminate cohort default rates—preventing the government, students, counselors and others from knowing how many students are in default—and combine all forms of colleges under one definition, eliminating any distinction about the college's tax status and governance structure (shareholders as in the case of for-profit colleges, or a president, board of regents and students in the case of non-profit colleges).
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Fitch uses the support-driven IDR or the VR (whichever is higher) as the anchor rating for Korea's systemically important banks' Tier 2 instruments (both Basel III Tier 2 and legacy Tier 2 securities) because they will be non-performing when the issuing bank becomes insolvent or defaults, which is similar to the point at which senior debt is considered to be in default, and we expect pre-emptive support to be provided to avoid insolvency.
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CannTrust Holdings Inc: * CANNTRUST PROVIDES UPDATE REGARDING HEALTH CANADA REMEDIATION * CANNTRUST HOLDINGS INC - COVID-19 COULD FURTHER DELAY EFFORTS TO REINSTATE CANNABIS LICENSES * CANNTRUST HOLDINGS INC - REMAINS IN DEFAULT OF ITS DISCLOSURE OBLIGATIONS UNDER SECURITIES LEGISLATION * CANNTRUST HOLDINGS - CONTINUE TO MONITOR CASH BALANCE AND OTHER FACTORS TO, AMONG OTHER THINGS, ASSESS VARIOUS STRATEGIC ALTERNATIVES * CANNTRUST - HAS CONTINGENT LIABILITIES IN BOTH CANADA & U.S., INCLUDING FOR POTENTIAL CIVIL DAMAGES & POTENTIAL CRIMINAL, PENALTIES & FINES Source text for Eikon: Further company coverage:
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Negotiations with bondholders are almost impossible in the face of U.S. sanctions and the country has been ruled in default due to payment delays on some bonds, which for years have been a favorite of investors for their sky-high yields.. Faced with mounting concern that Venezuela will not be able to keep up the payments, some holders of around $3 billion worth of the 2020 bonds are talking to lawyers and advisers about initiating legal action to seize the Citgo stake.
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