More money for legal aid, while a good idea, maybe, is unrealistic given
the crushing debt load this government has heaped upon itself, and us.
NEW YORK (By Phil Wahba)- Borders Group Inc, the second - largest U.S. bookstore chain, filed for bankruptcy protection, after years of sharp sales declines that made it impossible to manage
its crushing debt load, and it plans to close nearly one - third of its stores.
This translated into
a crushing debt load, even at present depressed rates: what forced Apollo GM to the negotiating table was a measly US $ 60 million interest payment, a pittance compared to what's coming due in 2019.
Carrying
a crushing debt load, and facing potential ruin, they developed a meticulously detailed reporting system that at one point had them calculating a full - blown income statement every day.
Not only are newspapers seeing decreased advertising revenue and decreased circulation, but many are trying to stave off
crushing debt loads.
Without this sort of program, individuals with large debt loads will have an even greater incentive to go out and work in the private sector where they can actually make enough money to pay off
their crushing debt loads.
Fifty - two oil companies have already filed for bankruptcy this year, and over one - third of the world's biggest oil and gas companies could end up bankrupt in 2016 under stress from
crushing debt loads (over US$ 150 billion) and lacklustre cash flows depressed by low oil prices, according to a recent study by Deloitte.
Fifty - two have filed for bankruptcy since 2015, and over a third of the world's biggest oil and gas companies have
crushing debt loads (over $ 150 billion) and cash flows depressed by low oil prices, according to the Deloitte Center for Energy Solutions and a recent study by As You Sow.
Not exact matches
They argue that the
debt load is now so
crushing that you can not reflate the sucker.
The consequences of a rising
debt load may not be immediately noticeable in the years just after students graduate, but the long - term impact could be
crushing.
Obviously, any such
debt or equity would be a very special situation, since most firms are now
loaded to the gills with
debt, making them poor risks to survive a
crushing deflation.
The Greeks are weighed down by a completely unsustainable
debt load and this economy will remain broken until the systemic,
crushing,
debt is addressed.