It has long been obvious that several countries, especially in Africa, cannot repay their debts.
He accepts that he owes around 194m euros to Anglo for property loans which he cannot repay.
Courts in California and other states are allowing suits over the sin of helping a company pile on debt it cannot repay.
But spending on the town hall was scaled back in 2010, leaving the council with loans it cannot repay without a penalty.
On the other hand, a secured bond is a bond in which specific assets are pledged to bondholders if the company cannot repay the obligation.
There is still the loss, for the debtor still cannot repay.
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That is so because while Greece may re-introduce the drachma, the debt its government has raised and that it cannot repay in full is still denominated in euros.
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The only other way to bankrupt the firm would be for creditors to call in loans, which Yukos cannot repay because its assets have been frozen by a court.
We have countries which simply cannot repay their debts.
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It's most significant step: Several proposals in December that ban "unfair or deceptive" practices, such as lending to borrowers who cannot repay a loan and doing away with prepayment penalties that harm borrowers.
The eurozone will at last accept the inevitable that Greece cannot repay all its debt and accept a Greek default of at least 50% and maybe even as much as 70% (which would be more realistic).
In Congress, a predatory-lending bill sponsored by Senator Paul Sarbanes would prohibit balloon payments, among other things, in which the bulk of a loan is left unpaid at maturity, often without the full understanding of the borrower who then cannot repay.
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Many Indonesian companies cannot afford to repay their loans with the rupiah as weak as it is.
They must refrain from lending to parties who cannot or will not repay them.
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And the solution is to borrow more money they cannot at the end of the day hope to repay.
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Spain's fragility is one you know well: the leg bone of an economy in a recession estimated to last two years is connected to the knee bone of undercapitalised banks is connected to the thigh bone of regions with debts they can't repay is connected to the hip bone of a government which cannot borrow at affordable rates.
Thus, barring any unforeseen catastrophic circumstances that cannot be anticipated at loan approval, a consumer can be relied upon to repay their mortgage back on time.
These unborn generations cannot vote on how the money is spent, they cannot ensure that the money will be put to productive uses and they may not be in a position to repay that debt.
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