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Puerto Rico’s federally created financial oversight board asked a federal appeals court yesterday to increase a July 15 deadline for its members to be confirmed by the U.S. Senate, citing issues that missing it might hurt an ongoing restructuring of the bankrupt U.S. commonwealth’s debt, Reuters reported. It’s a court process required by the debtor which has been in business for more than two years and requires approval by a decide. A Proposal Administrator is sort of at all times a licensed trustee in chapter, though the Superintendent of Chapter may appoint different people to function directors.
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