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Debt Restructuring News

Debt Restructuring


The Governing Board and the interim president agree that a $450-million cutback is impossible
Law360, New York (September 14, 2017, 5:22 PM EDT) -- The oversight powers of the federally appointed board guiding Puerto Rico's historic ...
University Rectors submit projections in order to face a lower cutback than the one announced by the Governor
"Make no mistake: The board has chosen to turn Puerto Rico into the next Argentina", says Andrew Rosenberg, a lawyer at Paul, Weiss,...
Despite the almost two weeks of talks and mutual offers, the parties can’t reach an agreement
Puerto Rico is the terrifying Ghost of Illinois Future: a worst-case example of what happens when a government no longer can pay its bills. The...
SAN JUAN – With just four days to present to the fiscal control board his plan to address Puerto Rico’s financial situation, Gov. Ricardo Rosselló...
Everything will depend on the decisions taken by the bondholders, the Board and the government on the restructuring agreement
Inside a courtroom in San Juan, Puerto Rico, today, the largest government bankruptcy proceeding since that of Detroit will get underway as the U.S...
Puerto Rico bondholders rejected Governor Ricardo Rossello's debt-restructuring proposal days before a May 1 deadline to craft a deal or face a...
Puerto Rico's $123 billion in debt and pension obligations far exceeds the $18 billion bankruptcy filed by Detroit in 2013. Some of the island...
(Adds background on PREPA debt talks) By Nick BrownNEW YORK, March 29 (Reuters) - Creditors of Puerto Rico's struggling power authority, ...
A group of eight people wrote to Judge Swain to request their bonds payment and offer solutions to the fiscal crisis
By Philip ScipioNEW YORK, May 19 (IFR) - Puerto Rico creditors that are owed roughly US$74bn took their brawl into federal court last week as the ...
Wall Street investment banks issued hundreds of Puerto Rico municipal bonds to take advantage of the triple feature that made the Caribbean Island...