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The high cost of the territorial bankruptcy

In fiscal year 2020 alone, Puerto Rican taxpayers will spend between lawyers and financial advisors, nearly the same that Detroit invested in its bankruptcy process

7 de junio de 2019 - 11:12 AM

Archival note
This content was published more than 6 years ago.
The Oversight Board’s Executive Director, Natalie Jaresko. (GFR Media)
The Oversight Board’s Executive Director, Natalie Jaresko. (GFR Media)

The budget that the Oversight Board submitted to the Legislative Assembly for the next fiscal year includes a $175 million package for legal and financial advisory expenses associated with the litigation of the Puerto Rican bankruptcy cases.

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