“The 12 restructurings that have been done so far have reduced $63 billion of debt to $27 billion”
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Said on Slate Money
“Bankruptcy provides you a way to bind even holdout creditors, even creditors who wouldn't go along with the restructuring.”
Slate Money · The Specter of Puerto Rico’s Debt
Play from 43:42
43:42
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What was described
advocate using bankruptcy courts to bind holdout creditors in sovereign debt restructurings
Said nearby on the same subject
“Medical bankruptcy is the number one form of bankruptcy in the United States”
KB
Kate Bowler
Hidden Brain ·
“If you sold both of those, you could probably just pay off your credit card debt... Call the bankruptcy trustee, say I’m sending you a check, we’re going to voluntarily dismiss this.”
DR
Dave Ramsey
The Ramsey Show ·
“I was in there. And I tell you what, I reorganized that mail room. I wrote the instruction manual. And within three months, they actually did a restructure and I managed to get a job in the restructure as a media advisor.”
SM
Sarah Meikle
The SME Stream ·
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