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Debt Restructuring News

Debt Restructuring


The chairman of the U.S. congressional committee that oversees Puerto Rico on Thursday said the bankrupt island's federal oversight board was .....
By Nick BrownMay 17 (Reuters) - Puerto Rico on Wednesday will face investors for the first time in a bankruptcy court, as it kicks off the biggest...
Puerto Rico seeks title III bankruptcy protection for COFINA debt ... that was part of the Puerto Rico rescue law passed last year known as PROMESA.
The governor doesn’t rule out his government from declaring territorial bankruptcy
With Title VI now looking a pipedream and Title III Restructuring a near certainty in Puerto Rico, Height Securities said in a note released on...
At this year's Allied Media Conference in Detroit, Michigan, residents of the city and those of Puerto Rico gathered to compare notes on how...
The Government sets aside more money for the public debt than what the Oversight Board requested
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 ...
Wall Street investment banks issued hundreds of Puerto Rico municipal bonds to take advantage of the triple feature that made the Caribbean Island...
The agreement, with the final approval of all the parties, including the Oversight Board, will provide Puerto Rico with the first tool to gain the...
A group representing University of Puerto Rico faculty has sued the island's cash-strapped government and its federal oversight board over $201...
Puerto Rico's government warned in a liquidity report made public on Wednesday that it will run out of money in less than three months as the U...
Last week, Puerto Rico took another step in its long, mostly futile attempt to stabilize its economy and budget when it filed for a modified version...
The scale of Puerto Rico's debt is also unusual: it has about $123 billion in debt and pension obligations. For comparison, Detroit had $18...
Puerto Rico's debt situation is constantly changing, with a recent change being the agreement of a new PREPA debt deal. PREPA, or the Puerto...