The report said the DfE had struggled to enforce payment of debts as the rules on academy sponsorship had changed.

BBC: Academies 'lack proper financial controls', MPs warn

No one would ever lose a penny: there would be no haircuts, no non-payment of such debts.

FORBES: The Irish View of the Euro

It is their responsibility to ensure economies are competitive, productive and not vulnerable to financial shocks via excessive debts, deficits or balance of payment crises.

WSJ: What Will New World Order Look Like?

In heaven, there are no debts -- all have been paid, one way or another -- but in hell there's nothing but debts, and a great deal of payment is exacted, though you can't ever get all paid up.

CNN: Our romance with debt -- we'll pay later

Congress has its responsibility: payment of bills that the United States incurs because Congress passes bills that incur those debts.

WHITEHOUSE: Press Briefing

This applies if you paid off a lien placed against your property by material suppliers because of debts owed by a builder or contractor, and you made the payment so as to avoid foreclosure and loss of your property.

FORBES: Overlooked Tax Deductions