Now, each household pays around 80 taka ($1) per month, and no one has yet defaulted on a payment.
It also, for the first time, defaulted on a payment to its future employee retiree fund and warned that it would most likely default on a second payment next month.
It says that Adelphia is likely to default on a payment, related to a joint venture between the companies, on a $127.4 million note by July 2002.
The fees paid to an apathetic lawyer and also to a bank, which increased their instalments each time they defaulted on a payment, led to their downfall.
And just two hours west of Philadelphia, Harrisburg, the state capital, recently announced that it would default on a payment coming due to general obligation bondholders.
The Edith Wharton Restoration, the group that Ms. Copeland headed, has been in financial trouble since February, when it defaulted on a payment on a $4.3 million loan from a local bank, and the bank threatened to begin foreclosure proceedings.
While Governor Alejandro García Padilla has not yet implemented a temporary debt moratorium, many speculate he will soon because Puerto Rico is expected to default on a payment of nearly $2bn on 1 July.
(The New York Times) 'Love Boat' Ship on the Market, Again The Pacific Princess, known to most from the 1970s television series "Love Boat," was to become scrap but the company that bought the ship defaulted on a payment.
Greece has been on the brink of defaulting on a payment to the IMF for weeks, placing its future in the euro and the EU in grave doubt, and is now heading for a defining referendum next weekend which could truly lead to Grexit.
