The executive director of a federal control board that oversees Puerto Rico’s finances says it is “impossible” for the U.S. territory to pay the $8.5 billion bondholders are demanding in a bankruptcy ...
Puerto Rico experienced a significant uptick in bankruptcy filings at the start of 2025, with 452 cases reported in January — marking a 21.2% increase compared to the 373 cases filed in January 2024.
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