Sentence examples for defaulted on loan from inspiring English sources

The firm then defaulted on loan repayments to its major creditor, the Korea Development Bank.Daewoo Motor now faces court receivership.

Meanwhile, Bankia (effectively the club's owners after Valencia defaulted on loan repayments to them) are looking at other bids too.

Click on each area to see how many people are estimated to have taken out payday loans or defaulted on loan or borrowing repayments.

In March 2009, Normandy Real Estate Partners, based in New Jersey, took control of the Hancock Tower, the tallest building in New England, by quietly buying up mezzanine debt shortly after the property's owner, Broadway Partners, defaulted on loan payments.

Chase Manhattan Bank has sued 17 backers of the bankrupt satellite telephone company Iridium L.L.C. for $242.7 million, contending that they failed to meet an obligation that became effective when Iridium defaulted on loan payments last year.

The outcome of the latest battle is expected to be determined by Standard Chartered and Austria's Raiffeisen Bank, which control nearly half of the company's equity after its former chief executive, the Indonesian businessman Samin Tan, defaulted on loan payments to the two banks.

Fewer companies defaulted on loans as the economy expanded.

The developers of many of them then defaulted on loans from state-owned banks.

The once high-flying developer Cameron Kuhn has defaulted on loans related to projects in Orlando and Jacksonville, Fla.

In 2001, APP defaulted on loans amounting to an amazing $13.9bn£8.8bnbn).

Some 41.3% of mortgage holders are estimated to have defaulted on loans.