SAN JUAN, Puerto Rico — A key hearing over the future of Puerto Ricos crumbling power company and its staggering $9 billion debt began Monday in federal court following years of acrimonious talks between the U.S. territory’s government and creditors seeking to recover their investments.
The hearing, which is expected to last up to two weeks, will focus on a proposed debt-restructuring plan. It comes nearly seven years after Puerto Ricos government filed for the biggest bankruptcy in U.S. municipal history after announcing it was unable to pay its more than $73 billion debt following decades of corruption, mismanagement and excessive borrowing.
Scores of protesters gathered outside the courthouse before the hearing, decrying that power …
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