Puerto Rico Seeks Protection of Federal Bankruptcy Code

February 26, 2015 9:41 PM

4 0

Puerto Rican officials sought Thursday to convince U.S. legislators that the island's financially struggling public corporations should be allowed to restructure their debt under the federal bankruptcy code.

The push comes after a federal judge ruled that a local debt-restructuring law pushed through last year by Puerto Rico's governor was unconstitutional.

Also read: Korea's President Might Be Impeached and its Markets Are Surging

Read more

To category page

Loading...