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Debt Restructuring News

Debt Restructuring


The Puerto Rico Electric Power Authority (PREPA) was the first, and so far the only, government agency in Puerto Rico to negotiate a debt...
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
On May 3, 2017, in an unprecedented move, the Fiscal Oversight Board requested for bankruptcy-like protection under Title III of the PROMESA Act. The...
After the May 1st deadline, Puerto Rico is facing a historical moment. A lot has been said about the events that were going to unfold after the end...
Stockton bankruptcy judge among five tapped to mediate Puerto Rico debt ... Puerto Rico, the U.S. territory with $70 billion of debt and a 45 percent...
Puerto Rico, deep in a fiscal hole it dug partially with its own shovels, is about to grab a rope and start pulling itself out. It's a court-...
Failing to reach a restructuring agreement, Puerto Rico has been hit with a fresh round of lawsuits just hours after a stay on litigation expired...
Assured Guaranty Corp., the biggest municipal bond insurer, formally requested that the Puerto Rico Oversight Board revoke certification of its 10-...
Long before Hurricane Maria left millions on the island without power or water, Puerto Rico was battling a financial crisis years in the making...
The imposition of a fiscal control board on Puerto Rico last year raised hopes that the island's tattered economy might be headed for a...
A trustee of the United States designates committees to renegotiate debt
It has not taken long for the formal declaration of bankruptcy by Puerto Rican Governor Ricardo Roselló to be followed by a savage attack on social...
SAN JUAN, Puerto Rico — Puerto Rico's governor turned to the courts Wednesday to protect the U.S. territory from a crushing $73 billion debt in...