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Puerto Rico starts biggest ever US bankruptcy process

May 17th, 2017
Categories: Past News

Link: https://www.rt.com/business/388701-puerto-rico-historic-bankruptcy-process/

The US territory of Puerto Rico has begun a historic bankruptcy proceeding. On Wednesday, a US federal judge will start to sort out the Caribbean Commonwealth's $123 billion debt in a San Juan court. The issue could take years to resolve, as investors scramble to recover as much as they can on their bonds.

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