But trouble reared up again in January, when the county recorded another default notice on the Wesson home.
Unfortunately, as this battle continues in the courts, Argentina faces another default". Argentina defaulted on nearly $100bn of debt in 2001.
Though most economists say they believe the government can squeak by and avoid another crippling default on its debts, sidestepping a major devaluation of the currency, the peso, will be a more delicate dance.
A source at another company saw another reason why "default on" might be a bad idea: "It makes parents complacent - if you tell them the filter is switched on by default, they get a false sense of security.
Their rather complex model aims at quantifying the impact of another GCM's default on the CCP and, consequently, on the GCM itself.
And earlier this month China's central bank stood by as interbank lending rates spiked in advance of the Dragon Boat holiday (reportedly prompting one mid-sized bank to default on another).
It is also expected to default on another $5.6 billion payment that is due in September.
So the government is messy, Mr Yeltsin's health is still shaky, and Russia is about to default on another chunk of debt.
Day by day, fears are growing that Greece or another weak country may default on its sovereign debt obligations, forcing the richer countries in Europe to ride to the rescue or risk having one or more of its most vulnerable members leave the 16-nation euro zone.
