Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 41.25

+1.9%

Nov 7 9:30 AM EST

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To: CAtechTrader who wrote (3070)	9/22/2000 1:27:55 PM
From: donjuan_demarco	Read Replies (2) of 4155

That's not what you said before. You said: "Generally a default only occurs when a creditor claims one. Even if there is no "deal" announced today, does not mean CNC is in default. If the creditors do not assert a default, there is none." The quoted language indicates that there can only be a default if the creditor affirmatively claims one. Now, you say that the language of the contract determines whether there has been a default (which I agree with). Those are two different things. If the contract says that non-payment is a default, the creditor does not have to take any affirmative actions to trigger the default; it is the debtor's non-payment that triggers the default.

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