This case was a class action on behalf of borrowers who discharged their debts in bankruptcy but were still shown to be in default on their credit reports.
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If Greece were to default - or seen to be in default - it would mean massive losses for European banks that hold Greek debt, including the European Central Bank.
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Battery maker A123 Systems this afternoon warned that the company expects to be in default on certain of its debt agreements effective tomorrow, and could end up filing for bankruptcy protection.
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Blink is about 10 weeks away from landing in the stable version of Chrome (it's expected to be turned on by default in version 28), but it's already available as part of the Canary build.
Taken together, these developments suggest there is unlikely to be an Irish sovereign default in the next few years and the country is likely to move out of its current EU-IMF programme towards some mix of private funding combined with actual and contingent official support.
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That will let users link their Facebook account to their Netflix account and automatically share what they watch with others, although sharing will be limited to Netflix by default -- Facebook sharing needs to be enabled in the "Social Settings" on the Netflix website.
Or, you can read it as saying that Greece will not - must not - be allowed to default in an uncontrolled way, that brings down banks and infects the broader European economy.
One category of bonds, those which were issued to bail out a previous default, seems to be gaining in frequency.
The most important thing for the Greek government to do in the event of a default would be to adopt policies that would produce rapid real economic growth.
That X is your default throwaway descriptor, and it is in your interests to make sure that it is something you would like it to be, because that is what people will default to in their description of you.
DB, Societe Generale and BNP Paribas clearly own significant amounts of PIIGS debt and seem to be at risk with a restructuring or default, in addition to risks of potential wider contagion.
Such high spreads usually occur when the fear of defaults is high, but given the excess liquidity in the banking system, a default wave does not appear to be in the offing.
If they are unable to refinance, the remaining balance is payable in full and they may be forced to default.
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But to unwind these assets, Sareb and other financial institutions need to be able to sell them to investors who can foreclose and evict borrowers in default.
The Dubai debt now in default just happens to be Shariah-compliant bonds or sukuk.
Sure, there are some not-so minor details to work out, not the least of which is the fact that the rating agencies consider any change in the existing bonds to be a default.
If the parties fail to compromise in time thereby allowing the US to default on its obligations, US debt could be downgraded and that would cause markets to tumble systematically.
And certainly on the measure that -- the bottom line measure, which is one that would allow for the debt ceiling to be raised, the one created by Senator McConnell to raise the debt ceiling, at the very least, some variation of that needs to be in place so that the United States does not default on its obligations.
Apple touted the service's ability to recognize when you're messaging someone else eligible for iMessages, but it appears to be limited to e-mail addresses at this point in the BETA. Delivery confirmation is turned on by default, but those of you who don't like the thrill of the chase will be happy to learn that there's an option to disable read receipts.
In effect, it will be forced to default on its obligations to society.
In practice, the default assumption seems to be that a couple will file jointly for the final year of the marriage.
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Working out whether a default in a portfolio is likely to be an isolated event, or is a harbinger of more to come, is especially tricky, not least because data on credit defaults are relatively sparse.
Yukos is, in other words, almost certain to default and be taken over.
Unfortunately for Acting Chairman Lawson and his friends, the proposed Eximbank lending facility for the Russian energy sector cannot be implemented so long as Moscow is in default to Eximbank, as it is at present.
Now, the obvious concern here is that it would also be in the interest of all bankers to try to correlate the default probabilities of their credit instruments so that they all default together and thus trigger the guarantee.
An agreement must be reached next month or in early March to avoid a US technical default.
Save in cases of grave default, the commission has to be left to get on with its job.
This may not be very risky when defaults are few and far between, but if the economy falters and more companies start to default on their debt, there could be greater danger in a homemade portfolio of individual bonds.
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Borrowers prone to default, he says, may be disproportionately sensitive to changes in interest rates.
The default option for Miseq customers will be to store the data in the cloud.
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