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Debt Restructuring News

Debt Restructuring


The entity owes some $17,880 million in main and subordinated bonds
After nearly two years of missed payments and delayed actions, Puerto Rico is bumping up against another deadline as it tries to grapple with tens of...
Law360, New York (August 7, 2017, 7:28 PM EDT) -- Hedge fund Aurelius Capital Management, a significant stakeholder in Puerto Rico's historic ...
Puerto Rico has until May 1st to restructure $70 billion in debt. Negotiations with the U.S. legislature re-opened Thursday, but there is a growing...
Big transformations are anticipated for the Department of Economic Development and Commerce of Puerto Rico and the Department of Family Affairs
The administration will present a larger budget than predicted in the Fiscal Plan, but will not prevent cuts nor will it imply more money for...
The report notes that the island faces a $1.3 billion debt payment in February, when a temporary debt moratorium imposed this year by the U.S...
According to the New York Times (link is external), on Wednesday, Puerto Rico's local government made a move that was months in the making -...
SAN JUAN, Puerto Rico — Uncertainty is spreading across Puerto Rico and the U.S. municipal bond market now that the U.S. territory has taken an ...
Bond insurers for Puerto Rico's debt are seeking a court order that would allow them to crack open the books for the broke U.S. territory,...
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,...
Members of the Fiscal Oversight Board are divided over the future of the PREPA while politicians in Washington and business people push for and...
The Governing Board and the interim president agree that a $450-million cutback is impossible
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