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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...
The judge in the Puerto Rico Title III bankruptcy cases is scheduled to weigh motions by Puerto Rico Electric Power Authority and Puerto Rico Sales...
It would be an understatement to state that this week has turned out to be highly damaging for the Puerto Rican economy. If bankruptcy protection is...
The administration will present a larger budget than predicted in the Fiscal Plan, but will not prevent cuts nor will it imply more money for...
The Oversight Board and the Government seek to employ the method used in Detroit to renegotiate the debt
In San Juan, Puerto Rico, a federal judge Wednesday held a hearing to begin restructuring the U.S. territory's $74 billion public debt. It'...
Things are not looking all that great for Puerto Rico right now. The region has suffered from major financial turmoil as of late, and it looks like...
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,...
A new chapter in Puerto Rico's battle with creditors opens when the indebted US territory stares down a potential bankruptcy filing and 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...