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Debt Restructuring News

Debt Restructuring


OLDWICK, N.J.--(BUSINESS WIRE)--Despite the ongoing economic issues in Puerto Rico, the domestic property/casualty (P/C) insurers have ...
Democrats in Congress and labor unions make calls for an audit and to restructure the public debt of Puerto Rico
One has to pity Puerto Rico. With the temporary protection that Congress last year provided the island from its creditors due to expire on May 1,...
They claim to increase the electricity rates to cover operations and debt, as stated in the bond contract
The Governing Board and the interim president agree that a $450-million cutback is impossible
Puerto Rico's federal oversight board is seeking bankruptcy protection for the island's highway authority and public pension. The board...
SAN JUAN – Puerto Rico's Government Development Bank (GDB) reached a debt-restructuring agreement with a “significant group” of creditors, the...
The president of the US trade union AFCSME, Lee Saunders, maintains that “to place the burden on the backs of workers is wrong”
Despite the almost two weeks of talks and mutual offers, the parties can’t reach an agreement
Judge Laura Taylor Swain could approve a mechanism for GOs and Cofina bondholders to start solving their disputes
SAN JUAN – With just four days to present to the fiscal control board his plan to address Puerto Rico’s financial situation, Gov. Ricardo Rosselló...
Law360, New York (June 5, 2017, 9:58 PM EDT) -- Holders of $65 million in bonds issued by Puerto Rico's Highways and Transportation Authority ...
SAN JUAN, P.R. — Puerto Rico's first day in federal court to reduce its $123 billion in bond debt and unfunded pensions got off to a cordial...
Puerto Rico Gov. Ricardo Rosselló and his financial advisors are insisting that the Title III judge cannot review the amount of debt that Puerto Rico...
Puerto Rico bondholders rejected Governor Ricardo Rossello's debt-restructuring proposal days before a May 1 deadline to craft a deal or face a...