Municipal Bond Forum
Suppose Puerto Rico is allowed to file Chapter 9
Q
If Puerto Rico gets approval to file Chapter 9 – and does – will this be good or bad for the bondholders?
A
James A. Klotz responds:
Although we are doubtful that Chapter 9 filing will be available to the commonwealth, it might turn out to be positive for bondholders by providing an orderly restructuring process as opposed to lengthy and expensive litigation.
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