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German firms and banks are battling with defaulting debtors.
One reason so many loans went bad was that banks had little power to chase defaulting debtors.
Since the airlines were among the defaulting debtors, the government suddenly found itself owning 52% of Cintra.
In the arena of corporate reorganizations, leniency means that defaulting debtors are permitted to carry on.
In Dorze tradition, the highest Demuṣa-priests have the ability to control hyenas, and will send them to punish defaulting debtors.
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In principle, there is nothing wrong with taxing defaulted debtors on the part of their mortgage that goes uncollected.
Getting a court judgment against a defaulting debtor, for example, on average takes 850 days.
OLD WORLD approach to defaults: debtors' prison.
For instance, a procedure that allowed a defaulting sovereign debtor to issue new bonds would, Mr Shleifer argues, remove the most powerful deterrent to default, lack of access to foreign capital.The IMF replies that its proposal at least in the latest of its several incarnations does not weaken creditors' rights.
Then he tells about another study issued by the Community Service Society titled "Revisiting the Default Debtor".
And whereas some observers criticise the Fund for trying to be too tough since the collapse, others argue that fear of one of its largest debtors defaulting made it too lenient.It is true that Mr Kirchner's decision testifies to the strength of his country's recovery.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com