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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 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...
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...
Janine Jackson interviewed Ed Morales about Puerto Rico's recent filing for bankruptcy amidst its debt crisis for the May 12, 2017 episode of ...
Bond insurers for Puerto Rico's debt are seeking a court order that would allow them to crack open the books for the broke U.S. territory,...
The plaintiffs accuse Puerto Rico of taking their property "without just compensation or due process in violation of rights protected under the...
Members of the Fiscal Oversight Board are divided over the future of the PREPA while politicians in Washington and business people push for and...
The Government has settled on a mediator to “privately” negotiate with bondholders
According to the Fiscal Plan, the Government will not pay the TRANS, and this alternative will not be available starting next fiscal year
Puerto Ricans in early 2016 were suffering power outages at rates four to five times higher than average U.S. customers, said the report from the ...
While the action could eventually see Puerto Rico becoming solvent in the future, before that could occur, however, the island, with its over 3...
Member of the Congress who promoted the approval of PROMESA strikes against the Board