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Debt Restructuring News

Debt Restructuring


It's a standard observation about debts that cannot be repaid that they will not be repaid. Puerto Rico cannot repay the debts that it has...
(Adds detail from letter, background on Puerto Rico crisis) By Nick BrownNEW YORK, March 31 (Reuters) - Puerto Rico has scheduled mediation for ...
"Make no mistake: The board has chosen to turn Puerto Rico into the next Argentina", says Andrew Rosenberg, a lawyer at Paul, Weiss,...
The pact would have a “detrimental effect on consumers”
Puerto Rico is the terrifying Ghost of Illinois Future: a worst-case example of what happens when a government no longer can pay its bills. The...
Puerto Rico's power utility has clinched a new deal to restructure nearly $9B of debt, saving one of the rare agreements the island has been...
Sources say there are questions about the Government’s assumptions and foresee changes
Inside a courtroom in San Juan, Puerto Rico, today, the largest government bankruptcy proceeding since that of Detroit will get underway as the U.S...
Law360, New York (July 13, 2017, 6:31 PM EDT) -- The Federal Deposit Insurance Corp. and the directors of a failed Puerto Rico bank it is suing over...
Puerto Rico's $123 billion in debt and pension obligations far exceeds the $18 billion bankruptcy filed by Detroit in 2013. Some of the island...
Besosa suggests a new rule to address voluntary agreements between bondholders and the Government
A securities arbitration law firm on Friday filed a claim against UBS Financial Services Inc. of Puerto Rico and UBS Financial Services, Inc. (...
The Puerto Rico Fiscal Oversight Board is on a tight deadline to draft a recovery plan that will put the island back on its financial feet, avoid...
By Philip ScipioNEW YORK, May 19 (IFR) - Puerto Rico creditors that are owed roughly US$74bn took their brawl into federal court last week as the ...
A company asks to lift the moratorium to charge the Department of Labor $ 300,000 in rent