Puerto Rico Exits Bankruptcy After Grueling Debt Negotiation

Puerto Rico has completed the largest public debt restructuring in U.S. history. The island, which announced its inability to pay over $70 billion in debt nearly seven years ago, will now resume payments to bondholders and settle over $1 billion in claims. The debt crisis was caused by decades of corruption, mismanagement, and excessive borrowing. Natural disasters like Hurricane Maria, earthquakes, and the pandemic have further impacted the island's recovery efforts.

What is the current status of Puerto Rico's government payments to bondholders?

How much in claims will Puerto Rico settle for local businesses and residents?