NEW YORK (Reuters) – Bankruptcy for Puerto Rico is looking ever more likely because the clock ticks down toward a May 1 deadline to restructure $70 billion in debt, ramping up uncertainty for anyone betting on returns from the island’s broadly held U.S. municipal bonds.

File Chapter 7 After a Chapter thirteen Filing.- If you file a Chapter 7 bankruptcy after you have got obtained a discharge in a Chapter 13 bankruptcy then your debts unsecured debts might not be discharged. In order to obtain a discharge within the Chapter 7 bankruptcy , the Chapter 7 bankruptcy will need to have been filed 6 years after you filed a Chapter 13 bankruptcy or if you file inside 6 years, it’s essential to have paid your unsecured collectors not lower than 70{938577715c78aceea8da08248256b12df4592df63210d8c0d264b7e5bde58e1f} of the debt you owed them. This means that if it’s worthwhile to file Chapter 7 bankruptcy within 6 …