Government Information

Earl Gregg Swem Library

Puerto Rico v. Franklin Cal. Tax-Free Trust

https://www.law.cornell.edu/supremecourt/text/15-233

5-2 Supreme Court decision that the government of Puerto Rico cannot pass legislation to enable public utility corporations to restructure their debt.   The court held that the federal Bankruptcy Code  pre-empts Puerto Rico’s Recovery Act.  From the Cornell University Law School Legal Information Institute