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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...
San Juan, Puerto Rico — Puerto Rico's development bank has entered into a deal with financial creditors that would allow it to avoid a lengthy...
Events are unfolding fast as the Fiscal Management & Oversight Board appointed to oversee the finances of Puerto Rico and ensure that the...
The selection comes two days after Puerto Rico Gov. Ricardo Rosselló said the government had officially notified the state's Fiscal Supervision...
Remember the Puerto Rico debt crisis? Because Rosselló is newly elected, he cannot be held responsible for the adverse fiscal conditions afflicting...
As Puerto Rico goes through its bankruptcy process, U.S. Rep. Rob Bishop, R-Utah, chairman of the U.S. House Committee on Natural Resources, ...
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'...
April 21 (Reuters) - Lawyers for Puerto Rico's government are drafting a forbearance agreement that could allow the U.S. territory to avoid...
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...
The new plan entails stricter adjustments to balance the budget, and it insists on greater cutbacks to the bondholders