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Modern law must provide techniques for making sure that the debts left are properly paid.
Economic growth is slowing, and the government must now deal with massive debts left over from previous investment binges.
The change was short-lived as huge debts left by Mr. Dwyer forced the team to fold the next season.
A Paris court had ordered the sale to pay off debts left by Marceau when he died in 2007.
Both countries have been locked in a dispute dating back more than 20 years over banking debts left over from the collapse of Yugoslavia.
Thus the more the economy needs looser macroeconomic policy, the more scope the authorities will have to provide it.What about the bad debts left behind by past excesses?
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Many pledged virtually all their assets as collateral on those debts, leaving little left to back DIP loans.
Overvalued prices and large debts leave households vulnerable to a rise in unemployment or higher mortgage rates.
Unions have previously raised concerns that accruing huge gambling debts leaves players open to the approaches of match-fixers.
The company will use £395m to pay down debts, leaving it with about £450m of net debt.
Or, Europe could let Greece default on its debts, leave the euro and start looking for a lot of used printing presses.
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