In effect, the US could avoid bankruptcy and a default on its debt by inflating away some or most of the real value of its debt.

事实上，美国一直通过通货膨胀来降低部分或者说大分部债务的价值来避免破产和债务违约。

youdao

Lehman Brothers, which was particularly badly hit by "toxic" mortgage debt, filed for bankruptcy last month.

雷曼兄弟，被“有毒的”抵押债务极重地击垮了，在上个月申请破产。

youdao

When the firm declared bankruptcy much of the firm's debt or other obligations were sold at deep discounts as the market panicked.

该公司宣布破产的时候，由于市场恐慌，许多公司债务和代付款项都以很低的折扣卖了出去。

youdao

With over 600 billion dollars in debt, Lehman's failure was the largest bankruptcy in United States history.

VOA: special.2009.01.02

A company, according to Modigliani and Miller, has to weigh their tax considerations against their bankruptcy costs and get an optimum debt-equity ratio out of that.

根据MM理论,一家公司,必须在租税考量与破产成本之间进行权衡,然后得出最有利的负债权益比

耶鲁公开课 - 金融市场课程节选

He says the combination of credit card debt and big student loans is burying young people in debt and driving many of them to bankruptcy.

VOA: special.2009.04.10

Buyers are hungry for bankruptcy debt because they often wind up doubling their initial investment, according to Mr. McVity.

WSJ: Debts Go Bad, Then It Gets Worse

Under the reorganization plan, secured bank debt incurred before the bankruptcy as well as unsecured bond debt and certain general unsecured claims will be cancelled with those creditors receiving equity in the reorganized company.

WSJ: Bankruptcy judge close to granting Beechcraft plan

We obviously still have credit risk that Qwest could go bankrupt before the final call this month, but Qwest just completed a capital raise to refinance this debt so we believe the bankruptcy or failure to redeem the debt is remote.

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