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Buenos Aires :: Argentina | 4 days ago

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Supreme Court on Monday wades into Argentina's multi-billion dollar legal fight with bond investors who turned down two debt restructuring offers after the country's 2002 default. The relatively narrow case that the nine justices are due to hear

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Singapore :: Singapore | 16 days ago

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ET New York shipping tycoon Peter Georgiopoulos's Genco Shipping & Trading Ltd. will file for Chapter 11 bankruptcy as part of a recently unveiled debt-for-equity deal that the company reached with creditors, according to regulatory disclosures. The

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Minneapolis :: MN :: USA | 1 month ago

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The last major contractor with workers at the uncompleted Essar Steel facility in northeastern Minnesota doesn't have them building anything this week, just packing up to leave. The firm, Industrial Maintenance Services (IMS) of Michigan, is even

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Mumbai :: India | 1 month ago

Credibility Credibility of 5

The Bank of England is seeking a global pact among banks to suspend default clauses in some derivatives contracts during a crisis, in a bid to ward off bank death spirals that cascade through the financial system. The U.K. central bank wants lenders

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Detroit :: MI :: USA | 1 month ago

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A judge said he will decide in two to three weeks whether bond insurers' claims that the millions of dollars they are owed by Detroit should be considered secured debt during the city's bankruptcy. National Public Finance Guarantee Corp., Ambac

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Buenos Aires :: Argentina | 2 months ago

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Media playback is unsupported on your device Argentina tries to delay $1.3bn repayment to creditors 18 February 2014 Last updated at 11:03 GMT Argentina will on Tuesday petition the US courts to try to stall a $1.3bn repayment to its creditors. If

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East Pittsburgh :: PA :: USA | 2 months ago

Credibility Credibility of 5

That's despite the fact that student debt has the highest delinquency rate of any consumer loan category and could affect the long-term financial future of graduates for decades to come. The Consumer Financial Protection Bureau estimates that student

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Cupertino :: CA :: USA | 2 months ago

Credibility Credibility of 5

They are being sacked with debt and penalties that outweigh their best efforts to keep up.  Unlike other forms of debt, in the case of student loans, basic consumer rights like bankruptcy protection don't apply to those who default. Instead, everyone

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Kuala Lumpur :: Malaysia | 2 months ago

Credibility Credibility of 5

Dec 31, last year 62,818 individuals with a total debt of RM4.5bil have been registered under the agency's Debt Management Programme (DMP). In light of the increasing number of bankrupt individuals annually, Minister in the Prime Minister's

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Posted by: wendyzachary  | 

Washington :: DC :: USA | 3 months ago

Credibility Credibility of 5

Treasury Secretary Jack Lew warned Monday that the nation is edging closer to a government default and will soon run out of its borrowing limit if Congress fails to act. Lew said that with accounting measures the administration can

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