The hospital just missed a multimillion-dollar scheduled payment to the state pension fund.
Moscow has offered to postpone scheduled payments for 10 years on an interest-free basis.
By the time he won the academy presidency, Ashley had fallen behind on his scheduled payments to several investors.
Like bonds, preferred shares compensate owners with scheduled payments which resemble interest.
But it eventually abandoned those plans due to community opposition and failed to make a scheduled payment on its contract to buy the campus.
City officials immediately ordered the cancellation of the next scheduled payment, $497,554, which is due on Friday.
The financial problem, in essence, is that the cash from the auto loans will flow too slowly to make scheduled payments on the company's debt.
His financial affairs strained, Vick was unable to meet scheduled payments and other obligations.
The casino defaulted on its mortgage and had failed to make scheduled payments in September, 2009.
Debt service default occurs when the borrower has not made a scheduled payment of interest or principal.