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Debt Restructuring News

Debt Restructuring


He claims the municipalities have subsidized the central Government’s operations, and that the proposed changes exacerbate the economic problems in...
Bondholders were still waiting Monday afternoon to learn whether the Puerto Rico Oversight Board would be filing for a Title III bankruptcy process...
Law360, New York (September 14, 2017, 5:22 PM EDT) -- The oversight powers of the federally appointed board guiding Puerto Rico's historic .....
University Rectors submit projections in order to face a lower cutback than the one announced by the Governor
Events are unfolding fast as the Fiscal Management & Oversight Board appointed to oversee the finances of Puerto Rico and ensure that the...
The government failed to include previsions in the fiscal plan in the event courts rule on higher payments for creditors
Remember the Puerto Rico debt crisis? Because Rosselló is newly elected, he cannot be held responsible for the adverse fiscal conditions afflicting...
MIAMI – The governor of Puerto Rico announced Wednesday that the U.S. territory would seek a form of bankruptcy protection to restructure its $70 ...
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...
Lawyers for Puerto Rico's government are drafting a forbearance agreement that could allow the U.S. territory to avoid invoking bankruptcy...
Instead, the governor of Puerto Rico, Ricardo Rosselló, petitioned for relief under Title III of a new federal law for insolvent territorial...
Constitutional and COFINA bondholders rekindle their bid in court
The battle over Puerto Rico's bankruptcy filing, the largest ever by a local U.S. government, is expected to be long and bitter, as bondholders...
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...
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...