Puerto Rico’s Unprecedented Bankruptcy Comes to an End
By Sara Lazarevic, 2L Puerto Rico’s five-year bankruptcy is finally coming to an end. In January, a federal judge approved a restructuring plan that will slash the island’s debt by $33 billion, reducing the debt by 80 percent. It’s the largest restructuring plan the U.S.—or the world—has seen, surpassing the prior record holder, Detroit, by nearly $56 […]