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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...
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...
The fiscal plan introduced by Governor Ricardo Rosselló is based on a series of projections that provide more questions than answers
OLDWICK, N.J.--(BUSINESS WIRE)--Despite the ongoing economic issues in Puerto Rico, the domestic property/casualty (P/C) insurers have ...
MAYAGUEZ, Puerto Rico — The economic crisis afflicting Puerto Rico for the last decade has also taken a toll on the island's only zoo, with...
Democrats in Congress and labor unions make calls for an audit and to restructure the public debt of Puerto Rico
Mark Palmer, BTIG analyst, comments on Puerto Rico's debt negotiations. He speaks with Bloomberg's Oliver Renick, Julie Hyman and Abigail...
Puerto Rico said it may run out of cash by February if it’s forced to cover bond payments, underscoring the pressure that’s causing the island to...
SAN JUAN – Puerto Rico's Government Development Bank (GDB) reached a debt-restructuring agreement with a “significant group” of creditors, the...
The Board, for its part, presents a stipulation to resolve the GO-Cofina controversy
The president of the US trade union AFCSME, Lee Saunders, maintains that “to place the burden on the backs of workers is wrong”