A bankruptcy law for states should be set up to describe the way countries can default on their red bonds.

Local economies became severely stressed, and by 1930, St. Petersburg defaulted on its bonds.

Investors cared, of course, because it increased the risk that the city could default on its bonds.

It went into oblivion when it defaulted on its bonds.

As noted above it defaulted on its bonds and was reorganized 5 years after founding.

In January, 1912, the company defaulted on their bonds to the municipalities.

Adding to the unease over the higher default figures of today, companies are defaulting on their bonds more quickly than they have historically.

In 1975, when the city almost defaulted on its bonds, the state lost access to the public financing markets.

The city has never defaulted on its bonds, and investment professionals agree the chances of that occurring are remote.

Companies Integrated Resources said it would default on its bonds and commercial paper.