In his last post with us, John Pottow provided a good summary of the issues, and guest blogger Troy McKenzie also had offered some thoughts about what the case might mean for some other areas of bankruptcy law (here and here). [read post]

Igualmente, el profesor John Pottow de la Facultad de Derecho de la Universidad de Michigan ha escrito: “parece arcaico y condescendiente no permitirle al pueblo de Puerto Rico autorizar (o prohibir) a sus instrumentalidades públicas utilizar el Capítulo 9. [read post]

  To paraphrase a blog post by our own John Pottow, the crisis was created due to an accretion of systemic risk on a consumer-by-consumer basis because of overleverage driven largely by mortgages, but also because of stagnant incomes, rising costs of living (medical, education, housing), and a turn to financial products (credit cards, debit overdraft, payday, etc.) to finance daily expenses (as well as some extravagances). [read post]