Belize Borders on Broke

Beautiful Belize is known for its diving, its wildlife, and its lose banking regulations.  Soon, it could be known as being bankrupt!  The country, which is seeking restructuring of its $544 million ‘superbond’ has a 30-day grace period to make a payment that was due Monday.  A default by Belize won’t have the ripple effect of a Greece’s economic melodrama, but it sure won’t be fun.

Read Mimi Whitefield’s Miami Herald article here:

http://hrld.us/NDh4Zs

Brought to you by Bob Arnold from Miami International Business Attorney.