Today Puerto Rico will or might be going bankrupt under the protection of PROMESA title III. What does it mean for us? This situation is out of control. Our Governor Ricardo Rosello has decided to take this to Federal court and have the current debt monitored by Judges, since the Financial Control Board does not want to negotiate anything that our administration puts on the table. This is a concern because local businesses, health care, Federal Housing, Food Stamps, etc are at risk. We need help from the United States and beyond so that this crisis can be balanced and everything gets back to normal. Puerto Rico is on a thin financial line.
We can only hope for the best here. Rosello Declares Bankruptcy Under Promesa