Unpaid debts

Visualization of narrower problems
Name(s): 
Payment arrears
Misjudged borrowing practices
Overcommited borrowing
Inability to pay
Unpaid accounts
Unpaid death benefits
Unredeemed accounts
Nature

Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely. When settlements are finalized, the terms are put in writing. It is common that the debtor makes one lump-sum payment in exchange for the creditor agreeing that the debt is now cancelled and the matter closed. Some settlements are paid out over a number of months. In either case, as long as the debtor does what is agreed in the negotiation, no outstanding debt will appear on the former debtor's credit report.

Source: Wikipedia

Incidence 
In 1998, it was estimated that small businesses in the UK were owed £50 billion in unpaid invoices.
Type 
(C) Cross-sectoral problems