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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...
MBIA Inc. subsidiary National Public Finance Guarantee Corp., Assured Guaranty Corp., Syncora Guarantee Inc. and a group of Puerto Rico Electric ...
Judge Swain orders to hold Cofina’s creditors money in reserve
They claim that neither PREPA nor FAFAA have submitted any amendments to the preliminary agreement
While the action could eventually see Puerto Rico becoming solvent in the future, before that could occur, however, the island, with its over 3...
El último viernes de abril nos enteramos de que el Gobierno de Puerto Rico les propuso a los bonistas un recorte o “quita” de entre 50% y 60% de la...
Activists protested what they called Aurelius Capital Management's support for austerity in Puerto Rico at the hedge fund's New York City...
The Oversight Board officially opens the path for submitting restructuring cases
The U.S. Trustee assigned to the Commonwealth of Puerto Rico case appointed an official committee of unsecured creditors. The following members ...
FAFAA seeks to extend PREPA’s restructuring support agreement