These hedge funds have previously rejected exchanges of their defaulted debt in 2005 and 2010.
Equally, recovery rates for bondholders are much greater than that for corporate holders of defaulted debt.
Probably the biggest drag on growth is the mammoth overhang of defaulted debt, which restricts both lenders and borrowers.
Recoveries of defaulted debt are over 60 cents on the dollar, up from what once was more like 15 or 20 cents.
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Recovery for defaulted debt with no hard assets is a huge problem.
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Katcher had hired Stagg in 2003 as an analyst at his Libertas Partners, a brokerage Katcher founded that specialized in junk and defaulted debt.
Argentina, which is locked in a court battle over its debt, has received more time to argue against paying investors over its defaulted debt.
Financial speculator Paul Singer, head of NML Capital prides himself in having always won through his strategy of buying defaulted debt only to exponentially increase his return on investment.
The customer for these services was Leucadia, a financial-services firm that bought hundreds of thousands of defaulted debt claims for pennies on the dollar and hired Mel Harris to recover what it could.
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Some generators have switched off plant while others have defaulted on debt repayments and one has gone bust.
With effect from April 21st, banks must continue to extend credit even to companies that have defaulted on debt repayments.
Without running a bigger surplus, Argentina will find it hard to meet even the payments on its non-defaulted local debt, much less renew payments on the rest.
David Jones confirmed the UK government would ultimately pick up the tab if Wales defaulted on its debt.
In the history of the union, only one US state has ever defaulted on its debt (Arkansas 1934).
In fact, some are starting to look more like Argentina just days before the country defaulted on its debt in 2002.
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We pay our bills. (Applause.) We meet our obligations. (Applause.) We have never defaulted on our debt.
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It should be remembered that the former Soviet Union defaulted on czarist debt owed to U.S. citizens and never settled those outstanding obligations.
Russia, who defaulted on its debt and sent the world into crisis in 1997, now wants a say in internal U.S. monetary policy.
He said if the USA defaulted on its debt next week, the cost of their car loans, mortgages and credit card bills would shoot up.
"Iceland has never defaulted on sovereign debt and won't, " he said.
If the rating agencies were to declare that Greece has defaulted on its debt obligations, Greek government debt would no longer serve as viable collateral for the ECB.
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Until Russia defaulted on its debt last August, most investors and traders thought it unlikely that defaulters' debt would trade much lower than 20-30 cents in the dollar.
With these bureaus, banks can find out not only whether a prospective borrower has already defaulted on a debt, but also how well and promptly he has serviced his liabilities.
If the government of Los Angeles defaulted on its debt--which is possible, you know--does that mean that Los Angeles must leave the "dollar zone" and issue a new Los Angeles peso?
Nearly 1 out of every 14 graduates who began repaying their federal student loans between October 2007 and September 2008 defaulted on their debt by September 30, 2009, the study found, amounting to a 7% increase.
Since the day of Alexander Hamilton, the United States has never defaulted on the federal debt.
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Nearly thirty years ago, a number of emerging market countries defaulted on their national debt.
It cannot automatically be assumed that a debtor who has defaulted on a consumer debt is balance-sheet insolvent.
It was entirely feasible that, perhaps 12 months ago, Greece could have defaulted on its unpayable debt and nothing much else would have changed.
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