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Aurelius Hedge Fund Seeks to Toss Puerto Rico's Bankruptcy Filing

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On Monday, the Aurelius Capital Management hedge fund said Puerto Rico's bankruptcy, aimed at restructuring a $72 billion of debt, violates the U.S. Constitution and should be dismissed. Puerto Rico is prohibited from traditional municipal bankruptcy protection under Chapter 9 of the U.S. code. Aurelius owns around $3 billion of debt guaranteed by Puerto Rico's constitution. Puerto Rico filed the largest municipal bankruptcy in U.S. history in May. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit Vote It using http://wochit.com

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