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Tuesday, July 24, 2012

More Companies Defaulting on Their Debt: 47 This Year Alone

More Companies Defaulting on Their Debt: 47 This Year Alone

 This year, 47 global companies have been unable to keep paying the interest on their debt, which is more than double the levels a year ago, says Standard & Poor's. A majority of those defaults, 25, are by U.S. companies.

Collection companies calling? tell them to go pound sand.

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