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Chapter 9

The Supreme Court Could Throw A Lifeline To Debt-Swamped Puerto Rico

The Huffington Post | Daniel Marans | Posted 03.22.2016 | Politics

WASHINGTON -- Puerto Rico had a good day, or at least a hopeful one, in court on Tuesday. The Supreme Court seemed receptive to Puerto Rico’s argume...

Virtual Bankruptcy for Puerto Rico

Lynn M. LoPucki | Posted 12.08.2016 | Politics
Lynn M. LoPucki

The virtual Chapter 9 strategy would generate enough leverage over creditors for Puerto Rico to deal with its debt crisis. The risk is that it would generate too much. Without an actual Chapter 9 to limit the Puerto Rican government, that government could design a procedure even more to its benefit.

Puerto Rico's Private Sector Calls For Chapter 9

Dr. José Vázquez Barquet | Posted 08.20.2016 | Politics
Dr. José Vázquez Barquet

Chapter 9 is part of the solution to Puerto Rico's complicated debt and liquidity crisis. The alternative -- doing nothing and watching bondholders subject Puerto Rico to years of litigation and chaos -- would be a disaster for a business community that thrives on predictability and order.

Laura Barron-Lopez

Dems Warn Puerto Rico Default Would Trigger Humanitarian Crisis | Laura Barron-Lopez | Posted 07.15.2015 | Politics

WASHINGTON -- If Congress doesn’t give Puerto Rico the power to restructure its stifling $73 billion in debt soon, a default could trigger a humanit...

Bankrupt Town's Mayor Committed Massive Foreclosure Fraud

Reuters | Posted 11.19.2012 | Business

* US prosecutors to recommend prison for mayor, backer * City saw 156 foreclosures in 2008 * Central Falls filed for ban...

Bankrupt City Slashes Benefits

Reuters | Posted 09.26.2012 | Business

By Jim Christie and Peter Henderson SAN FRANCISCO, July 27 (Reuters) - A federal bankruptcy judge on Friday cleared the way for Stock...

'I Don't Want My City Dissolved'

Reuters | Posted 09.16.2012 | Business

By Laura L. Myers GOLD BAR, Washington, July 17 (Reuters) - Residents of a century-old Washington state town facing possible municipal...

Struggling East Bay Town Finally Recovers From Bankruptcy Nightmare

Aaron Sankin | Posted 01.02.2012 | San Francisco

After spending three years as one of the highest-profile municipalities in the nation to go bankrupt, the Northern California city of Vallejo has emer...

Smallest City In Smallest State Files For Bankruptcy

Posted 10.01.2011 | Business

(Edith Honan) - Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession...

Alabama County Likely To Declare Bankruptcy

Posted 09.20.2011 | Business

Alabama's troubled Jefferson County faces an 80 percent chance of declaring bankruptcy, one of its commissioners said on Thursday, as U.S. experts gat...