Venezuela’s billions in distressed debt: Who is in line to collect?

Synopsis Venezuela’s staggering debt situation has captured global attention. After enduring prolonged economic strife coupled with U.S. sanctions, the country finds itself unable to meet international obligations. Investors are speculating on potential political changes that could pave the way for a resolution. Meanwhile, creditors, from bondholders to businesses awaiting compensation, are strategising their paths to recovery. NEW YORK/LONDON: The toppling of President Nicolas Maduro has thrust Venezuela’s debt crisis – one of the world’s ?largest unresolved sovereign defaults – into the limelight. Following years of economic crisis and ?U.S. sanctions that severed the country from international capital markets, Venezuela defaulted…