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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 bondholders rejected Gov. Ricardo Rossello's debt-restructuring proposal days before a Monday deadline to craft a deal or face a ...
FAFAA believes they could reach a better agreement, and that they will negotiate with the other bondholders, with or without mediation
Motivations behind the documents required by a committee of creditors and the Oversight Board
Puerto Rico has filed for a bankruptcy-like restructuring of its $70 billion debt, and many analysts are strongly suggesting that it serve as a wake-...
Stockton bankruptcy judge among five tapped to mediate Puerto Rico debt ... Puerto Rico, the U.S. territory with $70 billion of debt and a 45 percent...
Puerto Rico was placed under court protection on Wednesday in what amounts to the largest-ever U.S. municipal bankruptcy, a stark illustration of the...
The revision of the RSA raises from five to eight years the moratorium on the payment of the principal
Long before Hurricane Maria left millions on the island without power or water, Puerto Rico was battling a financial crisis years in the making...
The recent election of a new governor in Puerto Rico, and the formation of a powerful federal financial control board this summer, have resulted in...