Matt Levine, Columnist

Venezuelan Debt and Bitcoin Claims

Also Uber, middle-market targeting and lunch breaks.

November 13, 2017 at 9:42 AM EST

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Sovereign bankruptcy.

When a sovereign nation defaults on its debt, its creditors have two basic choices:

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