In the meantime, the government intends to concentrate on rallying investor support for its plan to restructure some $100 billion in defaulted debt.

Argentina said today that it had repaid about $3 billion in defaulted debt to the International Monetary Fund, according to Reuters.

The defaulted debts led to a large amount property being passed to the government as collateral, with concomitant bankruptcy court cases where the state had an interest.

A judge had ruled that the jet constituted collateral for defaulted Russian debt held by a Swiss financial company.

He said Argentina, whose talks with foreign creditors on its defaulted debt have sometimes been acrimonious, could produce the biggest positive surprise this year.

The property sales arose from court judgments for defaulted debts incurred early in the war to arm rebel troops.

The mortgage portion of the program was discontinued in 1934 after Sears was forced to liquidate $11 million in defaulted debt.

Poland reached an agreement with foreign banks that reduces its defaulted commercial debt of $14 billion by nearly half.

Tax farming is speculative, meaning that the tenant of the farm bears the full risk of defaulted debts.

Some hedge funds rejected exchanges of their defaulted debt, however.