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"There are, in essence, two ways to resolve a debt crisis: through a bailout or through default.
She had detailed her own experience of attempting to resolve a debt, which she likened to throwing herself into a "vortex of humiliating and frustrating bureaucratic procedures".
On Friday, a Manhattan court ordered Curry to pay $75,000 a month to the lender Allstar Capital Inc. to resolve a debt that swelled to $1.2 million with interest.
Expectations are running high that the two visits, along with others this week that mark a return to business for European leaders after their summer vacations, will lead to firm proposals to help resolve a debt crisis that has been plaguing the Continent and unsettling markets for months.
The transactions will allow the city to resolve a debt of about $345 million accumulated by the incinerator during decades of bond sales for upgrades and repairs, Mr. Lynch said in a 357-page filing with Commonwealth Court, which is expected to take two to three weeks to decide whether to approve the plan.
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Would a federal scrip program be a painless way of resolving a debt ceiling crisis?
This makes resolving a debt issue unpredictable and dangerous for company CEOs.
According to a White House "fact sheet" issued Jan . 1 the spending cuts the president is describing include $1 trillion from the Budget Control Act of 2011, which resolved a debt-ceiling crisis that year.
WASHINGTON — House Republicans and Senate Democrats gained substantial support on Wednesday within party ranks for their separate plans to resolve a looming debt crisis, but the momentum seemed to be pushing both sides further from a compromise.
Christine Lagarde, the managing director of the IMF, said that any attempts to resolve a new debt crisis would be complicated by the arrival of new lenders during the past decade.
Among them was a homeowner in Tennessee who got a disputed lien removed from a property, someone in Kentucky who got assistance warding off a debt collector pursuing a medical bill that had been paid, and a person in Pennsylvania who said the agency helped resolve a contested credit card debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com