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Debt Restructuring News

Debt Restructuring


Things are not looking all that great for Puerto Rico right now. The region has suffered from major financial turmoil as of late, and it looks like...
Municipal debt analyst says that if the pact of the corporation fails, the public entity will not be able to access capital
(Reuters) - Lawyers for Puerto Rico's government are drafting a forbearance agreement that could allow the U.S. territory to avoid invoking...
Puerto Rico Governor Ricardo Rossello comments on the country's plan to close a more than $7 billion budget shortfall. He speaks with Bloomberg...
Almost half of the people of Puerto Rico live in poverty while child poverty soars at 60 percent. Because Puerto Rico is an unincorporated territory...
There are individuals, insurance firms and universities in the group to which the government owes
Rosselló warns he will activate Tittle III of PROMESA if creditors refuse to accept proposals
It would be an understatement to state that this week has turned out to be highly damaging for the Puerto Rican economy. If bankruptcy protection is...
The Oversight Board and the Government seek to employ the method used in Detroit to renegotiate the debt
But there has been an exodus of families from Puerto Rico in the face of its economic collapse, so little Luis Santaella School has a big problem:...
(Reuters) - U.S. mutual funds that held onto Puerto Rican debt as its economy crept toward collapse could get drawn into battles that pit their own...
SAN JUAN, Puerto Rico — Puerto Rico's governor turned to the courts Wednesday to protect the U.S. territory from a crushing $73 billion debt in...
A federal stay barring Puerto Rico's creditors from taking legal action against the commonwealth and most of its entities for nonpayment of debt...
On May 3, Puerto Rico declared a type of special type of debt restructuring in a move to keep the multitude of lawsuits filed against it by its...
“Having urgency is crucial,” said Kevyn Orr