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Puerto Rico Approved to Exit Bankruptcy, Ending Record Saga
Posted
January 20, 2022
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2,599
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January 20, 2022
2,599
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3:21Now PlayingThe judge overseeing Puerto Rico’s bankruptcy approved its debt-cutting plan, a decision that leaves the island poised to exit bankruptcy after hurricanes, political turmoil and the pandemic prolonged the more than four-year process.
U.S. District Court Judge Laura Taylor Swain released the ruling Tuesday, saying “the provisions of the plan constitute a good faith, reasonable, fair, and equitable compromise and settlement of all claims and controversies resolved pursuant to the plan.”
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