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Investors holding the restructured debt have argued that they will be hurt if Argentina pays the holdouts.
Even if the government offers insurers a preferential deal on restructured debt, the whole industry has been knocked flat.
The holdouts want these interpreted in a way that secures them a 100% payout when Argentina next services its restructured debt.
In 1997 Bennet moved to Denver to become a director of Anschutz Investment Company, guiding troubled businesses as they reorganized under bankruptcy orders and restructured debt.
"It appears to be cornering Argentina into a new default," potentially forcing the country to pay holdouts while it services restructured debt.
"It will be good paper," Mr. Crawford said, after indicating that most owners of the restructured debt would probably be repaid if they held it until maturity.
Similar(36)
Almost half of Ecuador's public debt is in Brady bonds (restructured debts to commercial banks).
Four Seasons Health Care, which has restructured debts of about £780m, took over 140 homes once operated by the Southern Cross.
That may be restructuring debt, extending terms, converting debt to equity, or creating a joint venture with lender and borrower.
The bridegroom, 44, works in New York as a managing director of Natixis, a French bank, for which he restructures debt.
The fund, which knows how to restructure debt, must ensure the process is run in a competent manner.
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