Nick Cunningham is a freelance writer on oil and gas, renewable energy, climate change, energy policy and geopolitics. He is based in Pittsburgh, PA. Venezuela skipped payments on around $50 billion in debt beginning last year. With little cash left, and a mountain of debt, combined with an economic crisis and oil production in a downward spiral, the situation is dire. Creditors could begin swarming over the country, hoping to claim compensation one way or another on defaulted debt obligations. The process is complicated and uncertain. Oilprice decided to check in with Jay Auslander , an attorney and partner at Wilk Auslander, on what we can expect over the debt crisis. Jay is recognized for his work in judgment enforcement and distressed debt litigation. Oilprice.com: Venezuela has already defaulted on interest payments on some $50 billion dollars in debt and Reuters reported recently that some creditors are holding meetings […]