Any novice economist knows that if debt is written down, it is in default.
Aron said no, declared Semgroup in default on its contracts and demanded immediate payment of losses.
Greece may also be in default only for a matter of days or weeks.
They then adjust for the fact most bonds do not become entirely valueless in default.
More than four million students, or nearly 15% of borrowers, are in default on their loans.
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The lessees are seeking a judgment that they are not in default of the lease.
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The Dubai debt now in default just happens to be Shariah-compliant bonds or sukuk.
Hence, if the lease is declared in default, this balance would come immediately due.
But most people seek advice only after they have been in default for months.
Last month, a Senate bill was introduced calling for improved oversight of colleges engaging in default-rate manipulation.
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Like Ms Ehrenfeld, the defendants did not appear in court and judgment was entered against them in default.
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Others go so far as limiting it to only when the trustee officially declares the issue in default.
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Many homeowner mortgages stipulate the loan will be considered in default if the home is moved into an LLC.
Greece has been in default of its debt half of the time since the end of World War II.
Then the thirty day clock runs until Clearwire is actually in default and a bankruptcy proceeding can get underway.
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Penney filed this past Monday asking a Delaware judge to declare it is not in default on its bond agreements.
But the Financial Services Compensation Scheme (FSCS) declared it was in default after some borrowers did not repay their loans.
An institution could be receiving all of the payments due on its mortgage backed securities just fine, with nothing in default.
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Some apps, he said, will likely become baked-in default options, depending on circumstances, or will be suggested by the search engine.
Fears at home add to global concern that economic growth may slow in the event that Greece winds up in default.
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Since the firm declared bankruptcy the government has put an guarantee stamp on 27 TBW loans, three of which are listed as in default.
The company is now in default on large chunks of its debt because its accounts do not comply with American accounting standards.
Mill Financial notified Gillett in August that the loan was in default.
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They expect an increase in default rates this year or next, even if the economic conditions for borrowers do not deteriorate much.
The chair of the Budget Committee, Alain Lamassoure agreed, warning that the EU was "virtually in default to local authorities, researchers and innovators".
If you believe Measurement's SEC filings, Mallon and the board discovered the company was in default on the bank debt only in February.
Last week he urged Frank to introduce a bill immediately that would give the Federal Housing Administration the authority to refinance loans in default.
John Taylor, president of the National Community Reinvestment Coalition, wants Congress to take additional action to help subprime borrowers who are currently in default.
Paired with that would be a prohibition on a mortgage lender from declaring a loan in default if an installment plan has been obtained.
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The plan applies to certain mortgages and to those who are current with their payments, not to those borrowers already in default or facing foreclosure.
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