I recently skimmed the below article on the Puerto Rican economy and its need for creditor relief in the U.S. bankruptcy court system.¬†http://www.reuters.com/article/2015/07/07/us-puertorico-bankruptcy-idUSKCN0PH0BI20150707   The issue here is really whether or not a U.S. Territory qualifies as a municipality under the terms of the United States Code. According to 11 U.S.C. 101(40), “The […]