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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...
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...
Remember the Puerto Rico debt crisis? Because Rosselló is newly elected, he cannot be held responsible for the adverse fiscal conditions afflicting...
The government failed to include previsions in the fiscal plan in the event courts rule on higher payments for creditors
MIAMI – The governor of Puerto Rico announced Wednesday that the U.S. territory would seek a form of bankruptcy protection to restructure its $70 ...
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,...
April 21 (Reuters) - Lawyers for Puerto Rico's government are drafting a forbearance agreement that could allow the U.S. territory to avoid...
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 new plan entails stricter adjustments to balance the budget, and it insists on greater cutbacks to the bondholders
(Bloomberg) Prices of bonds from Puerto Rico's record $3.5 billion municipal junk offering in 2014 are tumbling to fresh lows. The general...