Here is an update article on the situation involving a debt default by Argentina. It appears that Argentina attempted to sidestep the ruling by the US judge in the case. The judge is unhappy and the situation still seems to be unresolved.
From the article:
"Argentina's plan to pay its restructured debt beyond the reach of U.S. courts is illegal, said the judge overseeing litigation stemming from the nation’s 2001 default, while declining to hold the country in contempt."