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Title:Puerto Rico Approved to Exit Bankruptcy, Ending Record Saga
Duration:03:21
Viewed:2,405
Published:20-01-2022
Source:Youtube

The 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.” Subscribe to our YouTube channel: bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: cor.us/surveys/27AF30 Connect with us on… YouTube: youtube.com/user/Bloomberg Breaking News on YouTube: youtube.com/c/BloombergQuickTakeNews Twitter: twitter.com/quicktake Facebook: www.facebook.com/quicktake Instagram: www.instagram.com/quicktake

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