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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...
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,...
Democrats in Congress and labor unions make calls for an audit and to restructure the public debt of Puerto Rico
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,...
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 Governing Board and the interim president agree that a $450-million cutback is impossible
SAN JUAN – Puerto Rico's Government Development Bank (GDB) reached a debt-restructuring agreement with a “significant group” of creditors, the...
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 ...
The president of the US trade union AFCSME, Lee Saunders, maintains that “to place the burden on the backs of workers is wrong”
Despite the almost two weeks of talks and mutual offers, the parties can’t reach an agreement