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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 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...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
Puerto Rico bondholders at a meeting Thursday sought substantially better terms from the Puerto Rico Oversight Board and government, according to ...
OLDWICK, N.J.--(Business Wire)--Despite the ongoing economic issues in Puerto Rico, the domestic property/casualty (P/C) insurers have managed ...
The report notes that the island faces a $1.3 billion debt payment in February, when a temporary debt moratorium imposed this year by the U.S...
Dozens of creditors petition in the courts to annul the fiscal plan and halt the Government’s legislative and budgetary powers
Puerto Rico Governor Ricardo Rossello addresses the audience while presenting the U.S. territory's $9.6 billion budget for fiscal 2018 at the ...
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,...
San Juan, Puerto Rico • The leader of debt-swamped Puerto Rico says the U.S. island's development bank has entered into a deal with creditors...
The Governing Board and the interim president agree that a $450-million cutback is impossible
The Oversight Board filed tittle III of PROMESA in the Island, but it could be heard in a different venue