With over $70 billion in debt and little cash to fund its ongoing operations, Puerto Rico remains in a state of fiscal crisis. …
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Puerto Rico Public Corporation Debt Enforcement and Recovery Act
Puerto Rico is facing the most critical fiscal situation in its history. Its public corporations are especially compromised, …
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The Agglomeration of Bankruptcy
By Efraim Benmelech, Nittai Bergman, Anna Milanez, & Vladimir Mukharlyamov In “The Agglomeration of Bankruptcy,” Professor …