We believe that the probability of achieving an out-of-court debt restructuring by the July 14 midnight deadline has declined below 50 percent, maybe well below.

We believe that in either scenario there will be no residual equity value.

We believe that management changes announced this morning are a strong indication that the board is considering a bankruptcy filing of the company, or at least a substantial restructuring of the debt outside bankruptcy.

Rising student-loan debt is an economic emergency.

The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of officialdom should betempered and controlled, and the assistance to foreign lands shouldbe curtailed lest Rome become bankrupt. 55 B.C.

Be quick to repay your debt, if you can't, then ask for debt forgiveness