Feb
02
A Warning on Bankruptcy in Puerto Rico’s Debt Crisis
By
A hat vendor roaming the Condado Beach in San Juan, P.R. Experts on financial distress testified before a House panel on Tuesday. CreditChristopher Gregory for The New York Times
WASHINGTON — Puerto Rico’s financial troubles are so complex and far-reaching that bankruptcy alone will not solve them, and might even make them worse, experts on financial distress told lawmakers in Washington on Tuesday.
Instead, they recommended appointment of a federal control board, saying it would have a better chance of resolving Puerto Rico’s debt in the short term and preventing the island from falling into debt again in the future…
A Warning on Bankruptcy in Puerto Rico’s Debt Crisis
