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Debt Restructuring News

Debt Restructuring


SAN JUAN, Puerto Rico – A federal judge overseeing the restructuring of Puerto Rico's debt has created a mediation team to help resolve the U.S...
Puerto Rico is crumbling under a recession and $70 billion in debt, some of which the Commonwealth defaulted on last year. While this may seem like...
Claude LeBlanc, CEO, said, "While our results this quarter were heavily influenced by an increase in reserves related to Puerto Rico, we...
He guaranteed that his formula meets the requirements of the Oversight Board and will reform taxes without affecting public services
Puerto Rico has asked for a form of bankruptcy protection to help it grapple with more than $70 billion in public-sector debt. The unprecedented ...
The destruction in Puerto Rico caused by Hurricane Maria will exacerbate the economic problems facing the deeply-indebted Caribbean island.
WASHINGTON, June 20, 2017 /PRNewswire-USNewswire/ -- Today the Ad Hoc Group of Puerto Rico General Obligation Bondholders and its advisor, ...
WASHINGTON - Within weeks, Puerto Rico will likely enter bankruptcy proceedings tailored by Congress specifically for the US territory. The island...
It’s asking for an audit that leads to the prosecution of those who indebted Puerto Rico
Activists are calling for the resignation of two members of Puerto Rico’s fiscal control board over the roles they previously played in boosting bank...
Bond insurers Assured Guaranty, Assured Guaranty Municipal and National Public Finance Guarantee filed a challenge to Puerto Rico's certified...
The federal entity files the historical petition in the Federal Court
Puerto Rico mediation devolves into war of words, deal still elusive ... Puerto Rico has until May 1 to reach a debt-reduction deal under a financial...
Puerto Rico on Wednesday will face investors for the first time in a bankruptcy court, as it kicks off the biggest and most divisive debt...
Puerto Rico Governor Ricardo Rossello said the government needs as long as five years to close a more than $7 billion budget shortfall, saying the ...