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Debt Restructuring News

Debt Restructuring


In this July 7, 2017 photo, a monkey stares out from its enclosure at the Dr. Juan A. Rivero Zoo in Mayaguez, Puerto Rico. The economic crisis...
The bankruptcy trustee will submit to judge Laura Taylor Swain a report on the creation of committees in the Title III case
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...
Things took a turn for the worst last weekend, when bondholders rejected a restructuring agreement for much of Puerto Rico's $70 billion debt ...
Puerto Rico has until May 1st to restructure $70 billion in debt. Negotiations with the U.S. legislature re-opened Thursday, but there is a growing...
This municipal debt binge has gone unnoticed in the local and U.S. media, with most of the attention going to the financial woes of the Commonwealth...
A bid by Puerto Rico's general obligation bondholders to join its official committee of unsecured creditors risks creating a dangerous "fox...
The situation of Puerto Rico's debt continues to develop following the decision by the Puerto Rican government and Financial Oversight ...
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...
In a move that could dwarf the massive municipal bankruptcy of Detroit in 2013, the government of Puerto Rico indicated Wednesday that it would ...
Puerto Rico is facing a May 1 deadline to restructure its $70 billion debt. At that time, a freeze on lawsuits against Puerto Rico will expire. The...
They favor extending the stay on litigations until next December
Creditors claim for $ 102.6 million in federal court
June 14 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Claude LeBlanc, CEO, said, "While our results this quarter were heavily influenced by an increase in reserves related to Puerto Rico, we...