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Revised Puerto Rico Sales Tax Plan Cleared For Creditor Vote

By Alex Wolf ( November 20, 2018, 10:24 PM EST) -- A plan to restructure nearly $18 billion in debt carried by the Puerto Rico Sales Tax Corp., or COFINA, will go to a creditor vote, the judge presiding over the U.S. territory's bankruptcy-like proceedings ruled Tuesday, putting the agency on track to confirm its debt adjustment scheme by mid-January....

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