Tag "Chapter 9"

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Finance North America

Could Puerto Rico default?

Puerto Rico is about to follow in the footsteps of Detroit, with few options left but declaring bankruptcy. With U.S. retirement funds relying on Puerto Rican bonds in portfolios, the

Finance North America

10 Facts about the Detroit Chapter 9 Bankruptcy

“They (outsiders) think Detroit is a dump. No respect. It’s a dump now. Detroit can’t even handle its own business? That’s sad.” — Detroit resident Everett Cottrell, 52. 1. The largest