Skip to content
  • Forget the U.S. Treasury’s help — let Puerto Rico file for bankruptcy

    Fortune - 10/17/2015

    While Europe agonizes over the Greek debt crisis, the United States is saddled with one of its own. Individual investment portfolios are replete with $72 billion in bonds issued by Puerto Rico’s government and its agencies, and since August this US Commonwealth has been in default. While federal law allows municipalities to restructure their debts under Chapter 9 that option is unavailable to states or US territories.

  • Cookies on Northeastern sites

    This website uses cookies and similar technologies to understand your use of our website and give you a better experience. By continuing to use the site or closing this banner without changing your cookie settings, you agree to our use of cookies and other technologies. To find out more about our use of cookies and how to change your settings, please go to our Privacy Statement.