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Debt Restructuring News

Debt Restructuring


All is not well in Puerto Rico, which has declared a kind of bankruptcy to get out from under an estimated $73 billion in debt. The only problem is,...
The fiscal plan introduced by Governor Ricardo Rosselló is based on a series of projections that provide more questions than answers
Last week, Puerto Rico took another step in its long, mostly futile attempt to stabilize its economy and budget when it filed for a modified version...
The scale of Puerto Rico's debt is also unusual: it has about $123 billion in debt and pension obligations. For comparison, Detroit had $18...
Puerto Rico continues to struggle with the consequences of irresponsibly running up debt. It owes debtors about $70 billion, and a default on debt ...
Mark Palmer, BTIG analyst, comments on Puerto Rico's debt negotiations. He speaks with Bloomberg's Oliver Renick, Julie Hyman and Abigail...
Puerto Rico Gov. Ricardo Rosselló presented a fiscal year 2018 budget Wednesday that allots at least $2.04 billion for pensions and nothing for the...
Puerto Rico said it may run out of cash by February if it’s forced to cover bond payments, underscoring the pressure that’s causing the island to...
O) said it was "aggressively pursuing" loss mitigation strategies in debt-laden Puerto Rico. Ambac's plan announced in its quarterly...
The Commonwealth of Puerto Rico (a/k/a Government of Puerto Rico) filed a Title III Petition with the U.S. District Court in the District of Puerto...
Which class of creditor is entitled to sales tax revenue is a disagreement that should not be possible. The only explanation is laws were broken by...
Puerto Rico mediation devolves into war of words, deal still elusive ... Puerto Rico has until May 1 to reach a debt-reduction deal under a financial...
The chairman of the U.S. congressional committee that oversees Puerto Rico on Thursday said the bankrupt island's federal oversight board was ...
Puerto Rico Governor Ricardo Rossello said the government needs as long as five years to close a more than $7 billion budget shortfall, saying the ...
It’s asking for an audit that leads to the prosecution of those who indebted Puerto Rico