Sentence examples for defaulting on a loan from inspiring English sources

The consequences for the borrower of defaulting on a loan, including limitations on the discharge of an education loan in bankruptcy.

After defaulting on a loan, the now-closed Island Flavors was ordered in 2013 to pay $101,000 to its lender, EagleBank, court records show.

in the case of a borrower who reenters repayment after defaulting on a loan and subsequently goes into default on such loan, 7 years from the date the loan entered default such subsequent time.

The company ran into a cash squeeze after defaulting on a loan made in March by the commercial lending unit of General Electric, and could not secure other financing, according to people close to the discussions.

This month, Steve & Barry's, a fashion retailer that started an ambitious expansion plan in recent years, also sought bankruptcy protection after finding itself in a credit squeeze after defaulting on a loan.

The appeal of such unilateral debt relief cannot be overestimated, since the penalties for defaulting on a loan at the time were severe: a creditor could go so far as to take a debtor or his children into bondage.

Kirui says that so far no one in the group has defaulted on a loan.

Multiple times, Trump would default on a loan or otherwise cost the bank dearly, and one division would sever ties with him, yet he managed to get more money from a different arm of the bank.

"Iceland has never defaulted on a loan and will never default," he said.

Its Chapter 11 filing was caused by a cash squeeze after it defaulted on a loan.

Last month, another Chinese solar panel maker, LDK, defaulted on a loan payment, citing cash problems.