FIRST AIRED: July 5, 2015

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00:00:00
what thought eco is struggling to pay all its bills and wants to change the rules of the road , the road to bankruptcy that is , because the island is a u. s. commonwealth it can't restructure it seventy three billion dollar debt under so called chapter nine bankruptcy protection like other u. s. municipalities , so what do elite go is turning to steven rhodes the judge who oversaw detroit's historic bankruptcy for help , megan davies is editor in charge of u. s. public finance for reuters it's significant african credit as a take , they will be a , by the commonwealth to get this and this bankruptcy code , past , why don't we go wants to use chapter nine bankruptcy laws to negotiate off for some kind of debt forgiveness just like detroit did , but not all creditors our own board some creditors who've been on the receiving end of , %HESITATION , what they say a lot of the covers and they would have wanted for bond holders so to some creditors chapter nine is a scary prospect but those fears may never be realized most experts say the probability that congress grants puerto rico's wish is low , even with the help of a judge who helped steer the biggest city bankruptcy in america's history