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Debt Restructuring News

Debt Restructuring


SAN JUAN, Puerto Rico — Puerto Rico's governor turned to the courts Wednesday to protect the US territory from its crushing $73 billion debt in...
Natalie Jaresko will advocate for Puerto Rico in the federal capital while she believes that the government and the main creditors may reach an...
Nobel economy laureate warns that the fiscal proposal will worsen the crisis
Puerto Rico Gov. Ricardo Rosselló signed a negotiated debt restructuring deal for the Government Development Bank Thursday, affecting $4.1 billion ...
Toa Baja, a mid-sized city in Puerto Rico, shut down last Monday after failing to pay municipal employees for several weeks. All public services have...
Law360, New York (June 14, 2017, 8:09 PM EDT) -- A team of five sitting federal judges across several jurisdictions was appointed on Wednesday to ...
Swain filed a “notice of transfer of docket” in the cases on Thursday and announced new bankruptcy case numbers for each of the existing district...
The process called Title III would allow the government to petition a court to cut debt amassed by more than a dozen agencies
The bondholders, a group that includes mutual-fund giants and hedge funds, has offered to lend Puerto Rico $1 billion to pay for urgent repairs and...
Puerto Rico plans to begin restructuring talks with its multitude of creditors “immediately” after its turnround plan was on Monday approved by the...
WASHINGTON, June 20, 2017 /PRNewswire-HISPANIC PR WIRE/ -- Today the Ad Hoc Group of Puerto Rico General Obligation Bondholders and its ...
Puerto Rico's Government Development Bank (GDB) reached a debt-restructuring agreement with a "significant group" of creditors,...
The late filing of Promesa’s Title III opened the door for the most contentious investors to challenge Puerto Rico in the New York courts
Puerto Rico hired President Donald Trump's former campaign manager, Corey Lewandowski, to work his influence in Washington. But by Thursday .....
A month away from the end of the moratorium, the GOP wants to emphasize on its restructuring process