The debt burden will ease as solvent companies restructure their debt and insolvent ones go bankrupt.
In the short-term, people are also going to pay for companies that don't just pare their debt but also restructure.
The Maloofs have also been struggling with their casino business during the economic downturn, and were recently trying to restructure debt on the Palms Casino Resort.
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But there are political risks: One creditor group, the so-called Paris Club of government lenders, would like the Nigerians to restructure debt owed to the so-called London Club of commercial creditors.
And on Monday, one of the largest bond insurers during the crisis, Ambac, announced it was unable to pay its debt and that it might have to file for bankruptcy if it cannot restructure its debt, sending its share price plummeting down 49% to 42 cents.
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Worse, the yard faced crippling working-capital shortages, because it never bothered to restructure its debt.
Ten years later he moved to the parent company as it was trying to restructure its debt.
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Brazil was irked at Mr Menem's public advice, as the real plunged, that it should restructure its debt.
Financial institutions with significant European holdings may find themselves in trouble, too, should Greece exit or restructure its debt.
Greece should have been forced to restructure its debt a long time ago.
LendStreet provides loans to distressed debtor individuals to help them restructure their debt.
The head of Germany's second-largest bank, Commerzbank, Martin Blessing says Greece should declare itself insolvent and then restructure its debt.
The quickest way to reduce the burden of debt would be to restructure loans via bank-ruptcies, including bankruptcies and home repossessions.
Investor confidence remained fragile after the downgrades and in light of Greece's rocky negotiations with international creditors to restructure its debt and stave off default.
As this version of the crisis gains credibility, the pressure is growing to change tack and to let Greece restructure its debt, with investors taking losses.
Kerzner tried for months prior to the mortgage's Sept. 9 due date to restructure the debt with Brookfield, which held a critical junior piece of the loan.
To his credit Hashim labored to restructure his debt mountain.
The additional but significant consideration is that if Greece is allowed to restructure its debt, so should the other four similarly economically challenged and debt laden nations, namely, Ireland, Italy, Portugal and Spain.
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Risk of EU default leading to market uncertainty: The EU heads, led by France and Germany, are trying to restructure Greek debt held by banks but uncertainty remains over whether rating agencies will still view this event as a default.
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It isn't only Germany's Europe of Rules that is restricting policy choice: Policy makers are also held back by fear of the financial markets and by their past promises, such as that Greece would be the last euro-zone government to restructure its debt.
The downgrade reflects the increasing possibility that Greece will restructure its debt by forcing current debt holders to accept longer maturities, or do what demonstrators in the streets of Athens are demanding, which is to force its creditors to take a loss on their loans.
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Since cities can't be liquidated, Stockton has attempted to restructure some debt by renegotiating labor contracts and cutting the health benefit for retirees, but creditors argued that by ignoring bond debt they haven't created a plan that shares the pain equitably, as required under bankruptcy code.
Technology and utilities stocks rallied in Europe, as investors bought up cheap defensives ahead of a week that may hold more news from Greece on its next move to prepare for another aid payment or perhaps pull out of the eurozone currency and begin to restructure its debt.
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In theory, as Greece's slick restructuring of its domestic-law bonds shows, domestic-law debt should be easy to restructure.
How exactly, for example, does Sir Mervyn think you could agree to restructure the private debt that is causing so much trouble, in an era of 24-hour news and round-the-clock leaks?
Gary Lewis, a distressed-assets expert who runs a financial website called scrantonisbroke.blogspot.com, wants the city to consider filing for bankruptcy, which would allow it to restructure its crippling debt and change its expensive labour contracts.
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SOEs made no money and needed any cash they generated to restructure themselves and repay debt.
Suzlon, once a darling of investors, had to restructure part of its debt.
Still, gold might not be as strong against the dollar as some may have anticipated, considering the growing expectations that Greece may have to restructure some of its debt, said Mike Zarembski, senior commodities analyst with optionsXpress.
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