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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...
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
One of the fundamental pillars of the island’s economic recovery is a stable and reliable electrical system
Beyond Puerto Rico's undefeated march to the World Baseball Classic final, it seems the island can't catch a break. Mediated talks between...
SAN JUAN – Besides the meeting with Gov. Ricardo Rosselló, U.S. Treasury Secretary Steven Mnuchin also spoke over the phone Friday with fiscal...
Members of the Greater Hartford Puerto Rican community voice their concerns about the island's debt crisis to U.S. Sen. Richard Blumenthal.
SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor has announced a historic restructuring of a portion of the US territory's $70B debt...
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...
Instead, the 38-year-old second-generation governor submitted a new plan that would wind down Puerto Rico's Government Development Bank's...
March 29 Creditors of Puerto Rico's struggling power authority, PREPA, have presented the island's government with a counter-offer to...
Santiago Domenech, a general contractor with $2 million of his savings tied up in bonds Puerto Rico just defaulted on, once had 450 employees.