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Debt Restructuring News

Debt Restructuring

Puerto Rico Bond Payments Frozen Amid Competing Claims
Law360, New York (May 30, 2017, 10:06 PM EDT) -- Payments on bonds issued by the Puerto Rico Sales Tax Financing Corp. were frozen on ...
Puerto Ricans Hold a 'Vigil for Light and Truth' to Demand an Audit of Public Debt
Various civic and religious organizations came together on April 3 for a mass vigil to call for an audit of Puerto Rico's public debt, which has...
Puerto Rico, Mired in Debt, Has a New Rescue Plan
Puerto Rico, reeling from a debt crisis lasting more than a year, reached an agreement Monday that should set the stage for meaningful talks with its...
Trustee To Form Retiree Committee In Puerto Rico Bankruptcy
Law360, Los Angeles (May 19, 2017, 8:44 PM EDT) -- The U.S. Trustee on Friday told the federal judge overseeing Puerto Rico's unprecedented ...
Around the world
Puerto Rico debt — Puerto Rico's business owners, retirees and public servants are caught in the middle of the largest local government...
Puerto Rico Creditors Want In On $6.2B Adversary Suit
Law360, New York (August 24, 2017, 6:17 PM EDT) -- Unsecured creditors blasted a decision by the judge overseeing Puerto Rico's ongoing ...
Mediation team created for Puerto Rico bankruptcy cases
SAN JUAN, Puerto Rico – A federal judge overseeing the restructuring of Puerto Rico's debt has created a mediation team to help resolve the U.S...
As lawsuit moratorium's end approaches, lawsuits pile up against Puerto Rico
May 1 marks the end of the freeze of lawsuits against Puerto Rico, and it is quickly approaching. Bondholders are fighting to be first in line to be...
COFINA Bondholders Open a Can of Worms
They argue that the Government issued debt unconstitutionally
Puerto Rico Government Looking At Different Ways To Reduce $120 Billion Debt
Puerto Rico Governor Ricardo Rosselló talks about the dire economic situation on the island. Last week it sought a special form of protection from ...
Storms complicate Puerto Rico's debt problems
The destruction in Puerto Rico caused by Hurricane Maria will exacerbate the economic problems facing the deeply-indebted Caribbean island.
Former judge insists Congress must investigate debt issues
The expert sees possible violations of federal law
George Pataki, Former New York Governor And Advisor To The Ad Hoc Group Of Puerto Rico ...
WASHINGTON, June 20, 2017 /PRNewswire-USNewswire/ -- Today the Ad Hoc Group of Puerto Rico General Obligation Bondholders and its advisor, ...
Puerto Rico releases offer to bondholders
SAN JUAN, Puerto Rico (AP) — The Puerto Rico government is offering to pay its senior creditors around 50 cents on the dollar as part of efforts to...
With Its Debt Crisis, Puerto Rico Must Treat Its Creditors Fairly
The Puerto Rican $70 billion dollar debt crisis is tragic, has led to massive levels of unemployment (almost half of the population of the island...

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