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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...
WASHINGTON - Before May, protections expire that shelter Puerto Rico from debt lawsuits and predatory financial groups popularly known as ...
Puerto Rico continues to struggle with the consequences of irresponsibly running up debt. It owes debtors about $70 billion, and a default on debt ...
By Philip ScipioNEW YORK, May 19 (IFR) - Puerto Rico creditors that are owed roughly US$74bn took their brawl into federal court last week as the ...
The public corporation steps aside in the lawsuit that seeks to nullify COFINA
Puerto Rico Gov. Ricardo Rosselló presented a fiscal year 2018 budget Wednesday that allots at least $2.04 billion for pensions and nothing for the...
Wall Street investment banks issued hundreds of Puerto Rico municipal bonds to take advantage of the triple feature that made the Caribbean Island...
The Ad Hoc Group of Puerto Rico General Obligation Bondholders made its request in a letter sent to Sens. Thom Tillis, R-N.C., and Tom Cotton, ...
The judicial process to address the debt becomes another risk factor for the economy
FGIC, in agreement with other creditors who issued a letter on March 27, believes that Puerto Rico's Fiscal Plan, as certified by the Oversight...