Then, on Sunday, a referendum to decide whether to submit to its creditors' repayments resulted in 61.3percentt of Greeks voting no thanks.
It already has a long list of unsecured creditors seeking repayment.
Petroplus Holdings, the largest independent oil refiner in Europe, said on Tuesday that it was filing for insolvency after its creditors demanded repayment on $1.75 billion of outstanding debt.
Asia Pulp and Paper, which is based in Indonesia, has been wrangling with creditors over repayment of about $14 billion of debt.
Even if creditors eventually get all of their money back, S.& P. said, "such an extension of maturities is generally viewed to be less favorable to commercial creditors than repayment according to the original terms of the debt".
The United States Supreme Court could decide within weeks whether to take up a drawn-out battle between the Argentine government and creditors seeking repayment on bonds that Argentina defaulted on over 10 years ago.
WALL STREET JOURNAL Swiss Oil Refiner Petroplus to File for Insolvency | Petroplus Holdings, the largest independent oil refiner in Europe, said on Tuesday that it was filing for insolvency after its creditors demanded repayment on $1.75 billion of outstanding debt.
But the second tranche is secured only by a more general floating charge, which would mean the Bank would be vying with other creditors for repayment if Northern Rock failed.
But during an interview with the Irish national broadcaster RTE, Mr. Lenihan said the state was leery of scaring markets by defaulting on Anglo's senior debt, which takes priority over other creditors for repayment in the event of a bankruptcy.
DealBook » New Chapter in a Clash Over Bonds in Argentina | The United States Supreme Court could decide within weeks whether to take up a drawn-out battle between the Argentine government and creditors seeking repayment on bonds that Argentina defaulted on over 10 years ago.
