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China sentenced the founder of embattled property giant Evergrande to life in prison and fined the group more than $2 billion on Thursday for offences including fraud, five years after a high-profile default.

From Barron's ● Aug. 20, 2026

Fitch cited “existing discord” between the city and the contractors that could lead to further delays in the project and a default on the bonds.

From Los Angeles Times ● Aug. 20, 2026

Accordingly, Judge Poland entered a default judgment into the record, which gave Midland Credit Management the right to tread on his bank account and garnish his wages.

From Slate ● Aug. 20, 2026

The company must turn off push notifications on teens’ accounts overnight and by default hide the number of “likes” on photos, the judge said in his order.

From The Wall Street Journal ● Aug. 18, 2026

The argument over the value of credit default swaps on subprime mortgage bonds—a complex security whose value was derived from that of another complex security—could be a gold mine.

From "The Big Short" by Michael Lewis

Other countries have fallen victim to debt spirals, where high levels of debt lead investors to demand higher interest rates, in turn fueling more borrowing until eventually a country defaults.

From Slate ● Aug. 20, 2026

When equipment is bought on credit, it usually doubles as collateral, or the asset a lender can seize if the loan defaults.

From MarketWatch ● Aug. 20, 2026

Some tracking the private-credit sector say that without these loan modifications, the climbing defaults in the industry would be higher.

From The Wall Street Journal ● Aug. 11, 2026

Weaker performance by the companies they lend to and a selloff in public debt markets forced funds to write down investments that are still paying interest even as defaults climbed.

From The Wall Street Journal ● Aug. 10, 2026

In 1998, AIG FP entered the new market for corporate credit default swaps: It sold insurance to banks against the risk of defaults by huge numbers of investment-grade public corporations.

From "The Big Short" by Michael Lewis

He was being summoned because he was being sued by Midland Credit Management for $3,466.63 in defaulted credit card debt.

From Slate ● Aug. 20, 2026

The percentage of defaulted loans in Blue Owl’s fund hit 2.8% in the second quarter, its highest level in at least five years.

From The Wall Street Journal ● Aug. 10, 2026

Many of the states with the highest concentrations of defaulted borrowers are in the South, an Associated Press analysis found.

From Los Angeles Times ● Jul. 20, 2026

As England goalkeeper Pickford collected the ball, Mora defaulted to returning to his natural position, failing to close the gap.

From BBC ● Jul. 6, 2026

Buying insurance on a pool of U.S. home mortgages was more complicated, because the pool didn’t default all at once; rather, one homeowner at a time defaulted.

From "The Big Short" by Michael Lewis

As for the Neo, Luria told MarketWatch that Apple saw “a need to expand its addressable market and engage with younger consumers that were defaulting into Chromebooks and low-end PCs.”

From MarketWatch ● Aug. 2, 2026

Starting in June 2025, with the pause having ended nine months prior, borrowers began defaulting again for the first time since the pandemic.

From Los Angeles Times ● Jul. 20, 2026

On defaulting people into annuities, I am a bit less enthusiastic.

From MarketWatch ● Jun. 26, 2026

Millions of borrowers are defaulting on their student loans, and they are nearly 40 years old on average.

From The Wall Street Journal ● May 12, 2026

Mobile home buyers were defaulting on their loans, their mobile homes were being repossessed, and the people who had lent them money were receiving fractions of the original loans.

From "The Big Short" by Michael Lewis