Millstein’s Abrams Juggles TXU to Puerto Rico as Workouts Scarce

On a recent Monday, restructuring banker Elizabeth Abrams was on a conference call negotiating for hedge fund creditors ahead of the $50 billion bankruptcy of Energy Future Holdings Corp. She happened to be sitting in a hotel conference room in San Juan, Puerto Rico -- where she’s advising the government on addressing $73 billion in debt.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.