Puerto Rico on a Rhode Islander’s Mind Riley: Puerto Rico and Providence on My Mind: https://t.co/LPtiSMkRUy same question 2 years later..Gov Raimondo? @governing @thehill — michael riley (@ri1929shrugs) February 19, 2018 ← Blurred Lines in the Governor’s Office Not Neutral on Net Neutrality → Rhett Hardwick “it was essentially chapter 9 bankruptcy by another name.” That is commonplace with Chapter 11 and is called a ‘Trust for the Benefit of Creditors”. The trust document basically recites Chp.11. Well within living memory, only two cities had ever filed bankruptcy. Won’t name them because my recollection I not exact. We are certainly in a new era. On the other hand, Providence could use bankruptcy to relieve itself of pension obligations. I have long wondered if insolvency is what many cities have been waiting for. You know, “we had no choice”.