Tuesday, May 23, 2017

Defunct Puerto Rico Bank Resurfaces for Tax Fight

A defunct Puerto Rico bank that closed its doors in 2015 over a bitter tax dispute isn’t done battling the local government yet.
Doral Financial Group, which shut down in chapter 11 two years ago, is preparing to bring claims against Puerto Rico as the U.S. territory embarks on what amounts to the largest U.S. municipal bankruptcy ever, said Brian Pfeiffer, a lawyer representing what remains of the company.
The collapse of...
By  Andrew Scurria

Shuttered in bankruptcy, Doral Financial lives to fight in Puerto Rico debt restructuring

Defunct Puerto Rico Bank Resurfaces for Tax Fight

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