"Debt distress" refers to a situation where a person or a country is struggling to manage their debts and is having difficulty repaying them. It may lead to financial problems and the inability to meet other financial obligations. Full definition
When the next wave of public debt distress hits foreign governments, Canadian investors, borrowers, and exporters will all be affected.» (canadianbusiness.com)
And other than in rare cases, student loans can not be discharged in bankruptcy, giving them the distinction of being one of the very few debts a distressed borrower can never climb out from under. (speakingofcredit.com)
«One of it is fundamental debt management and superior debt management strategy and its sustainability and to avoid moving the country into a debt distress country especially when they are issuing bonds. (citifmonline.com)