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Debt Restructuring News

Debt Restructuring


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...
The Coalition asks that the Board, the Legislature and the Governor have a meeting in order to standardize the solutions for the fiscal problems in...
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...
The island’s new governor, who’s considered sympathetic to hedge funds and insurers that want it to repay its debt rather than go bankrupt, is in...
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...
O) said it was "aggressively pursuing" loss mitigation strategies in debt-laden Puerto Rico. Ambac's plan announced in its quarterly...
The Commonwealth of Puerto Rico (a/k/a Government of Puerto Rico) filed a Title III Petition with the U.S. District Court in the District of Puerto...
Puerto Rico's creditors, including some hedge funds known as "vulture funds," are reluctant to settle debts in bankruptcy proceedings...
SAN JUAN — Puerto Rico's government and a group of general obligation bondholders are holding preliminary talks aimed at reaching a deal they ...
The Board, for its part, presents a stipulation to resolve the GO-Cofina controversy
The institution pledges tuition income to pay for its obligations
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE:OFG) today announced its Board of Directors declared a regular quarterly cash ...
Puerto Rico bonds are trading near record lows, but that doesn't mean they're not worth even less. The island triggered the start of the...