As part of a shake-up of debt relief measures for the "financially vulnerable" to be announced next week, the Insolvency Service, the government agency which oversees insolvency legislation, will issue a "call for evidence" on how DROs are working.
On Wednesday, officials froze short-term debt relief measures for Greece, after the prime minister, Alexis Tsipras, decided to give a Christmas bonus to pensioners, in defiance of Greece's bailout terms.
Behind The Numbers Our rankings for homeowner debt measure the total number of homes in negative equity giving extra weight to the number of homes bought in the last five years that are currently underwater; the last measure shows which areas have experienced the most recent strain.
He also screens for relatively low levels of long-term debt, measured by the ratio of debt to total assets.
Instead, she said, "we need a controlled and manageable process of successive steps and measures" for "reducing debt and improving competitiveness".
And in 2006, Citadel raised $500 million in debt, an extraordinary measure for a hedge fund, and started a business offering administration services to outside hedge funds, which it recently sold off.
On Wednesday, the European Commission, the executive agency for the 27-nation European Union, proposed measures for addressing the debt crisis in the 17-country subset of members that share the euro currency.
If a deal is not completed by the end of Thursday, Treasury officials have said, the United States government will have exhausted "extraordinary measures" for managing its debt, meaning that its ability to pay its bills will be limited to the uneven flow of cash that comes into the Treasury on a daily basis.
A decade ago, when debt relief was at its highest because of exceptional measures for Iraq and Nigeria, the proportion was 20%.
Their debt relief measures — lowering interest rates on some debt, lengthening deadlines for debt payments, buying back debt and handing profits on Greek bonds bought by the European Central Bank back to Athens — amounted to a kind of backdoor debt forgiveness.
