Puerto Rico Records Largest Bankruptcy among US Municipalities
Despite its bankruptcy filing, Puerto Rico has the option to negotiate with its creditors outside the court. It could go through a process equivalent to a Chapter 9 bankruptcy filing.
Canada’s sub-prime mortgages are only 5%
The share of sub-prime mortgage loans in Canada remains at roughly 5%. The share of sub-prime mortgage loans in the US was nearly 24% before the crash.