Unpaid debt converts into equity at the recipient company's next fundraising, or on its sale.
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It blamed slowing growth in lending and a sharp rise in unpaid debt for its profit decline.
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If he forgets the unpaid debt, he sees his career as one to celebrate and tips his hat to good fortune.
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In fact the house was being repossessed and the family embroiled in lawsuits alleging fraud and unpaid debt.
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They are also used by bailiffs, who scour the streets for drivers with unpaid debt.
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