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Debt Restructuring News

Debt Restructuring


Law360, New York (August 7, 2017, 7:28 PM EDT) -- Hedge fund Aurelius Capital Management, a significant stakeholder in Puerto Rico's historic .....
San Juan, Puerto Rico — Puerto Rico's development bank has entered into a deal with financial creditors that would allow it to avoid a lengthy...
Big transformations are anticipated for the Department of Economic Development and Commerce of Puerto Rico and the Department of Family Affairs
The selection comes two days after Puerto Rico Gov. Ricardo Rosselló said the government had officially notified the state's Fiscal Supervision...
Puerto Rico's creditors may be headed to court after the territory's representatives refused to budge from a fiscal plan limiting debt...
Ensuring financial stability, controlling public debt and reducing budget deficits are important tasks. There is also widespread agreement that...
Motivations behind the documents required by a committee of creditors and the Oversight Board
In San Juan, Puerto Rico, a federal judge Wednesday held a hearing to begin restructuring the U.S. territory's $74 billion public debt. It'...
Stockton bankruptcy judge among five tapped to mediate Puerto Rico debt ... Puerto Rico, the U.S. territory with $70 billion of debt and a 45 percent...
Things are not looking all that great for Puerto Rico right now. The region has suffered from major financial turmoil as of late, and it looks like...
By Nick BrownWASHINGTON, April 26 (Reuters) - An adviser to Puerto Rico Governor Ricardo Rossello said on Wednesday the distressed U.S. ...
March 19 (Reuters) - Puerto Rico´s so-called COFINA bondholders allege that around $3.5 billion of the island´s general obligation (G.O.) debt is ...
Long before Hurricane Maria left millions on the island without power or water, Puerto Rico was battling a financial crisis years in the making...
A trustee of the United States designates committees to renegotiate debt
Almost half of the people of Puerto Rico live in poverty while child poverty soars at 60 percent. Because Puerto Rico is an unincorporated territory...