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Debt Restructuring News

Debt Restructuring


Puerto Rico seeks title III bankruptcy protection for COFINA debt ... that was part of the Puerto Rico rescue law passed last year known as PROMESA.
Judge Swain orders to hold Cofina’s creditors money in reserve
March 28 A congressional subcommittee on Tuesday urged Puerto Rico Governor Ricardo Rossello to finalize an $8.9 billion debt restructuring at the ...
The bankruptcy trustee will submit to judge Laura Taylor Swain a report on the creation of committees in the Title III case
The government owes millions in refunds while offering minimum estimates to suppliers and legal claims
It is the biggest restructuring ever by a local government, far larger than Detroit's. Puerto Rico now owes its creditors a whopping $70 billion...
In a sharply worded letter to the chairman of the Financial Oversight and Management Board of Puerto Rico, Rep. Rob Bishop, R-Utah, said that by ...
Things took a turn for the worst last weekend, when bondholders rejected a restructuring agreement for much of Puerto Rico's $70 billion debt ...
Former chairman of the House Committee on Treasury believes the Board will reject the plan
In the largest bankruptcy of a U.S. state or territory, Puerto Rico Gov. Ricardo Rossello requested court protection for his U.S. commonwealth to...
Experts in public finances describe the difficulties that the Island would face against the possible collapse of the local economy
The Puerto Rico Electric Power Authority (PREPA) has agreed to a new debt deal with its creditors, but the U.S. territory is still teetering on the...
In a move that could dwarf the massive municipal bankruptcy of Detroit in 2013, the government of Puerto Rico indicated Wednesday that it would ...
I own $200,000 of the last issue of Commonwealth GOs. I expected the Commonwealth to default on some debt because the amount of principal and...
Claude LeBlanc, CEO, said, "While our results this quarter were heavily influenced by an increase in reserves related to Puerto Rico, we...