In the CPP survey, about 50% of people said they had debts they feared they would not be able to repay in the coming months, rising to 65% among people aged between 25 and 34.
The news comes as the credit ratings agency Moody's Investors Service said the recent falls in Railtrack's share price would not lead to its debts being downgraded.
Vetter suggested that bankruptcy would allow GM to make significant changes faster, because a judge could void labor and supplier contracts, debts could be restructured, and Congress would not be involved.
The only thing that would not change is everyone's debts and savings.
The report by Monitor said that without continuing financial support the Mid-Staffordshire NHS Foundation Trust would not be able to pay its debts.
This would be a writing off of more bad debts, not the collapse of the financial system.
The vice president said that is a hopeful sign that the GOP would not allow the country to default on its debts.
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If I had any savings they had to go to to pay my debts, so I could not have afforded a solicitor and I would not been able to fight my ex-wife in court and get to see my children again.
Senior economists are examining what would happen if Greece were forgiven some of its debts, if it did not have to pay back a chunk of its debt to the banks.
If countries around the world had not run up debts to sustain their economies when the crisis hit people would have "lost their jobs, they'd have lost their houses, they would have lost their savings", he said.
Italy, which has net foreign debt of just 21% of GDP, would probably escape the chop: even with its heavy debts and chronic lack of competitiveness, Mrs Merkel would reckon that the euro zone could not function politically without it.
Or it they are not prepared to do that, Greece would feel compelled to walk away from its debts and would tear up its membership of the euro club.
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