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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...
Puerto Rico debt — Puerto Rico's business owners, retirees and public servants are caught in the middle of the largest local government...
A new chapter in Puerto Rico's battle with creditors opens when the indebted US territory stares down a potential bankruptcy filing and the...
They tell the Oversight Board to start voluntary negotiations next week
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...
Puerto Rico Governor Ricardo Rosselló talks about the dire economic situation on the island. Last week it sought a special form of protection from ...
The expert sees possible violations of federal law
Assured Guaranty Corp., the biggest municipal bond insurer, formally requested that the Puerto Rico Oversight Board revoke certification of its 10-...
The imposition of a fiscal control board on Puerto Rico last year raised hopes that the island's tattered economy might be headed for a...
MAYAGUEZ, Puerto Rico — The economic crisis afflicting Puerto Rico for the last decade has also taken a toll on the island's only zoo, with...