Home » Events News » Puerto Rico News » Debt Restructuring » Debt Restructuring News

Debt Restructuring News

Debt Restructuring

PREPA and Creditors Reach Preliminary Agreement
The Puerto Rico Electric Power Authority (PREPA) was the first, and so far the only, government agency in Puerto Rico to negotiate a debt...
PDF icon General Release Regarding the Certification of Tittle III Filings.pdf
Puerto Rico Heads to Bankruptcy Court
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...
The Floodgates Have Opened: Creditors v. Puerto Rico
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...
Puerto Rico's Bondholders Battle Begins: COFINA v. GOs
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
Oversight Board Rejects PREPA RSA, Approves Title III
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
Our Bankrupt Policy for Puerto Rico
The endgame for Puerto Rico's debilitating fiscal crisis has begun. Unable to manage a $74 billion debt that has accompanied a decade of...
With a 4:45 pm deadline approaching, Title III is unclear
Bondholders were still waiting Monday afternoon to learn whether the Puerto Rico Oversight Board would be filing for a Title III bankruptcy process...
Private sector warns about a “national crisis”
The Coalition asks that the Board, the Legislature and the Governor have a meeting in order to standardize the solutions for the fiscal problems in...
Pity Puerto Rico: Island's debt crisis to reach Greece-like lows
One has to pity Puerto Rico. With the temporary protection that Congress last year provided the island from its creditors due to expire on May 1,...
UPR Refuses to Submit Fiscal Plan
The Governing Board and the interim president agree that a $450-million cutback is impossible
Without funds to honor bondholders’ suits
The government failed to include previsions in the fiscal plan in the event courts rule on higher payments for creditors
Puerto Rico seeks bankruptcy protection to restructure $70 billion debt
MIAMI – The governor of Puerto Rico announced Wednesday that the U.S. territory would seek a form of bankruptcy protection to restructure its $70 ...
Puerto Rico economic crisis hits island's only zoo
MAYAGUEZ, Puerto Rico — The economic crisis afflicting Puerto Rico for the last decade has also taken a toll on the island's only zoo, with...
Mediation process between the Government and bondholders on hold
Despite the almost two weeks of talks and mutual offers, the parties can’t reach an agreement

-->

Center for Puerto Rican Studies | Hunter College | 695 Park Ave | New York, NY 10065

c 2017 Center for Puerto Rican Studies | Privacy Policy | Disclaimer