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Debt Restructuring News

Debt Restructuring


Puerto Rico, which is saddled with $74 billion in debt, filed for what could be the biggest local government bankruptcy by far in US history. The...
In this July 7, 2017 photo, a monkey stares out from its enclosure at the Dr. Juan A. Rivero Zoo in Mayaguez, Puerto Rico. The economic crisis...
Events are unfolding fast as the Fiscal Management & Oversight Board appointed to oversee the finances of Puerto Rico and ensure that the...
Remember the Puerto Rico debt crisis? Because Rosselló is newly elected, he cannot be held responsible for the adverse fiscal conditions afflicting...
OLDWICK, N.J.--(Business Wire)--Despite the ongoing economic issues in Puerto Rico, the domestic property/casualty (P/C) insurers have managed ...
Dozens of creditors petition in the courts to annul the fiscal plan and halt the Government’s legislative and budgetary powers
A bid by Puerto Rico's general obligation bondholders to join its official committee of unsecured creditors risks creating a dangerous "fox...
April 21 (Reuters) - Lawyers for Puerto Rico's government are drafting a forbearance agreement that could allow the U.S. territory to avoid...
The situation of Puerto Rico's debt continues to develop following the decision by the Puerto Rican government and Financial Oversight ...
The new plan entails stricter adjustments to balance the budget, and it insists on greater cutbacks to the bondholders
San Juan, Puerto Rico • The leader of debt-swamped Puerto Rico says the U.S. island's development bank has entered into a deal with creditors...
The Oversight Board filed tittle III of PROMESA in the Island, but it could be heard in a different venue
Creditors claim for $ 102.6 million in federal court
June 14 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
The federal entity warns that a general restructuring of the obligations is only achievable in court