[Thud]

I agree that amendment of the Bankruptcy Code to allow Puerto Rico to deal with this mess in Bankruptcy Court like any state is the reasonable solution. Any less would pretty much force Puerto Rico to apply for statehood, and the Democrats would put that through the Senate as soon as they get their next majority there.

IMO it is also preferable, for good policy reasons, to give Puerto Rico the same options as any state.

[NRx]

Actually at the moment the bankruptcy code does not permit states to declare bankruptcy. I think that is rather silly. But it is what it is.

[GilGil]

I agree that amendment of the Bankruptcy Code to allow Puerto Rico to deal with this mess in Bankruptcy Court like any state is the reasonable solution.
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Let them go BK and suffer the consequences.