Puerto Rico Placed in Bankruptcy Protection

The governor of Puerto Rico just petitioned for relief under Title III of a new federal law for insolvent territorial governments. There is no provision for state bankruptcies under Chapter 9 law, but that does not mean some of the states in the US can’t and won’t suffer a similar fate.

Full article: https://mishtalk.com/2017/05/03/puerto-rico-placed-in-bankruptcy-protection-illinois-needs-similar-deal/

Peak debt

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