Word: unpaid
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...declined to predict if Harvard would permit the Justice Department to track down the approximately 30,000 alumni who owe Harvard money from unpaid student loans...
...Attorney for Eastern Pennsylvania recently began confiscating cars owned by delinquent creditors in his jurisdiction, and the policy has already begun bringing in unpaid student loans, a program official said yesterday...
Thus it was a jolt last week when AEG-Telefunken declared that it was insolvent and could not pay its bills. The unpaid debts amounted to $3.5 billion. In addition to being the largest corporate casualty in West Germany since 1945, the collapse of AEG-Telefunken symbolized the problems now facing the country that first gave birth to economic miracles. As the Frankfurter Allgemeine Zeitung candidly observed in a front-page obituary for the company: "This marks the end of all illusions...
...first half of this year, ten states had to borrow a total of $2.37 billion from the Federal Government in order to pay basic benefits to their jobless workers. For all of 1981, nine states borrowed only $1.6 billion. These loans, coupled with unpaid balances incurred during earlier downturns, have pushed the total indebtedness for 16 states, plus Puerto Rico, the Virgin Islands and the District of Columbia, to $7.8 billion. That figure is expected to grow to $9.5 billion by year's end, and more states are likely to join the list of loan seekers before the recovery...
...week's hotel bill brouhaha made Miamians wonder if the Saudi spending spree was over. The hoteliers say Mohammad recently bounced 37 checks, and on Thursday they got a judge to impound his jewelry and cars still at the Diplomat. Several indulgent creditors, including a taxi company with unpaid fares totaling $157,000, were fretful, and Mohammad's construction crew walked off the job. But Rasheed, the family spokesman, was reassuring. "Everybody will get his money. Everybody will be happy, kiss the hand and come to work again.'' -By Kurt Andersen. Reported by William McWhirter/Miami