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Several other countries including Uruguay in 2003 have managed to restructure their debts without running foul of courts and creditors in the same way.
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His creditors, who were in the same Odd Fellows fraternal lodge as Jules, asked Jules to take over.
In written depositions handed to the judge, Mr Mitchell said: "The Football League have … constructed a device under which, on insolvency, 'football creditors' are paid in full whilst ordinary unsecured creditors of the same class receive a very modest dividend.
American citizens can only hope Bernanke's Fed learns that lesson before our foreign creditors view U.S. debt in the same light as Greece.
Greece could bank on a geopolitical premium; its creditors were the same group of countries interested in access to Greek military facilities.
The upshot of the analysis is that both types of rules protect creditors, but the same can be said of specific contractual solutions.
"I got $8,000, and the next day I go see [the creditors] at the same place in Santa Monica," she says.
In many cases both debtors and creditors answer to the same master, the government.
Another could be newly democratic Poland, which had run up huge debts under its communist rulers; in 1991 sympathetic creditors agreed to cut its debt burden if reforms were undertaken.A bargain with Greece's official creditors could follow the same principle.
Cemex promised debtholders that "it would not grant subsidiaries or related-party creditors the same rights as bondholders".
Cemex, with a reputation for strong corporate governance and a company that is also based in Monterrey, Mexico's industrial heartland, promised debtholders that it would not grant subsidiaries or related-party creditors the same rights as bondholders.
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