Puerto Rico seeks bankruptcy protection to restructure $70 billion debt

May 4, 2017

Puerto Rico seeks bankruptcy protection to restructure $70 billion debt

The governor of Puerto Rico announced Wednesday that the U.S. territory would seek a form of bankruptcy protection to restructure its $70 billion debt, the largest municipal restructuring in U.S. history. By declaring bankruptcy, the territory can prevent any interruption in services to island inhabitants, ...

Moritomo Gakuen applies for bankruptcy protection

Apr 21, 2017

Moritomo Gakuen applies for bankruptcy protection

The troubled Osaka school operator at the center of national political scrutiny applied for protection from creditors on Friday via court-mediated rehabilitation. The links alleged between nationalism-espousing school firm Moritomo Gakuen and Prime Minister Shinzo Abe and his wife, Akie, who promoted it, have been ...