On the recordJune 23, 2015
Congress has authorized each state government to permit its insolvent municipalities to adjust their debts under Chapter 9 of the Bankruptcy Code, but has not authorized Puerto Rico to do so.
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congress.govCongress has authorized each state government to permit its insolvent municipalities to adjust their debts under Chapter 9 of the Bankruptcy Code, but has not authorized Puerto Rico to do so.
Pierluisi criticizes Congress for not allowing Puerto Rico similar debt management options.
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