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Debt Restructuring News

Debt Restructuring


Puerto Rico teetered into insolvency Wednesday as the chronically troubled U.S. territory of 3.4 million citizens buckled under its ever-increasing...
"Puerto Rico's debt restructuring agency, AAFAF, regrettably has broken the Commonwealth's decade-old promise not to impair its first...
The board took some control away from local government, which has prompted protests from Puerto Ricans, who say the board - which has been ...
On June 11, the citizens of Puerto Rico passed a non-binding referendum calling for Puerto Rico to be the 51st state of the United States. The vote...
The Puerto Rican $70 billion dollar debt crisis is tragic, has led to massive levels of unemployment (almost half of the population of the island...
Puerto Rico's entry into court protection ends a chaotic period of lawsuits and defaults. But the process likely won't satisfy everyone. A...
A federal judge in Puerto Rico is holding the first hearing in what's expected to be a lengthy battle over the island's $123 billion debt...
Judge Barbara J. Houser helds first meeting with creditors
Aware of this activity, the senator moved forward to vote for the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) ...
The largest mass shuttering of public schools in Puerto Rico's history follows the island declaring bankruptcy on a record $70 billion debt.
The Governor will introduce his proposal tomorrow at the House of Representatives, as part of his speech on the Island’s situation
Members of the Greater Hartford Puerto Rican community voice their concerns about the island's debt crisis to U.S. Sen. Richard Blumenthal.
The new Puerto Rican government representative before the Board, Christian Sobrino, takes office with a way paved by the certification of the fiscal...
Nobel economy laureate warns that the fiscal proposal will worsen the crisis
SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor has announced a historic restructuring of a portion of the US territory's $70B debt...