What Bankruptcy Law Can and Cannot Do for Puerto Rico

17 Pages Posted: 8 Sep 2016

Date Written: June 1, 2016

Abstract

This article is based on a February 2016 keynote address given at the University of Puerto Rico Law Review Symposium “Public Debt and the Future of Puerto Rico.” Thus, much of it remains written in the first person, and so the reader may imagine the joy of being in the audience. (Citations and footnotes have been inserted before publication ‒ sidebars that no reasonable person would ever have inflicted upon a live audience, even one interested in bankruptcy law. Rhetorical accuracy thus yields to scholarly pedantics.) The analysis explains how bankruptcy law not only can but will be required to remedy Puerto Rico’s financial woes, be it through the explicit provisions of the U.S. Bankruptcy Code or an ad hoc analogue. It also cautions, however, that the necessary underlying structural reforms cannot arise from bankruptcy (or any other) judicial proceeding.

Suggested Citation

Pottow, John A. E., What Bankruptcy Law Can and Cannot Do for Puerto Rico (June 1, 2016). Rev. Jur. UPR 85, no. 3 (2016): 689-704, U of Michigan Law & Econ Research Paper No. 16-017, U of Michigan Public Law Research Paper No. 517, Available at SSRN: https://ssrn.com/abstract=2831569

John A. E. Pottow (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-3736 (Phone)

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