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Puerto Rico Creditors Press For Sales Tax Plan Approval

By Alex Wolf ( January 16, 2019, 11:31 PM EST) -- Major stakeholders engulfed in Puerto Rico's bankruptcy-like proceedings urged a federal judge on Wednesday to approve a watershed settlement designed to restructure nearly $18 billion in debt carried by the Puerto Rico Sales Tax Corp., or COFINA, saying it is the best way to avert years of protracted litigation....

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