Consumers wanting to buy goods by mail order may be unable to pay by cheque because the seller will be unwilling to accept a payment that carries a levy of nearly 25%.
Savings would be lost, the government would be unable to pay wages or salaries, and imports of fuel, medicine and machinery would be disrupted, he added.
Furthermore, more people will be unable to afford coverage and will just drop it, while millions of others will opt for huge deductibles that they will be unable to pay if and when the time comes.
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Bankruptcy law does not require insolvency, only that the debtor be unable to pay debts as they come due.
It said without that amount the trust would be unable to pay its debts and would be "deemed insolvent".
What this means is that in a few short months, Egypt will be unable to pay for its imports.
Even if it sold off its remaining airplanes at this point it would be unable to pay its debts.
Bain's lawyer successfully argued that Rangers may be unable to pay anything if it loses the tax tribunal in November.
Without a boost in the ceiling, the federal government will be unable to pay its bills, including pay to federal employees.
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They also fear that some borrowers might be unable to pay their debts, because they or their trading partners have been hit by millennial glitches.
And by 2032, the trust fund will be exhausted, and Social Security will be unable to pay out the full benefits older Americans have been promised.
Officials had predicted they would be unable to pay city employees as of Thursday, unless they could find a short-term loan to bridge the gap until tax revenue is collected in March.
It said the increases, which will be "phased in" from September, would not affect those eligible for social care and added it would work with others who felt they would be unable to pay the increased fees.
For one thing, many people would willingly pay to study if that brought financial gain (although there might be a case for government loans for those unable to pay their own way).
Madrid (CNN) -- Spaniards who are in "circumstances of extreme necessity" and are unable to pay their mortgages will not be evicted from their homes over the next two years, the main industry group for Spanish banks said Monday.
And if those meters are unable to do so, then it would be consumers who pay the price for any failures.
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