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Debt Restructuring News

Debt Restructuring


WASHINGTON – House Natural Resources Committee chair Rob Bishop is warning members of Puerto Rico's oversight board that the board's...
The agreement, with the final approval of all the parties, including the Oversight Board, will provide Puerto Rico with the first tool to gain the...
Instead, the governor of Puerto Rico, Ricardo Rosselló, petitioned for relief under Title III of a new federal law for insolvent territorial...
Puerto Rico's government warned in a liquidity report made public on Wednesday that it will run out of money in less than three months as the U...
The battle over Puerto Rico's bankruptcy filing, the largest ever by a local U.S. government, is expected to be long and bitter, as bondholders...
Law360, New York (June 22, 2017, 3:50 PM EDT) -- The board overseeing Puerto Rico's financial restructuring Wednesday united with bondholders .....
Puerto Rico's debt situation is constantly changing, with a recent change being the agreement of a new PREPA debt deal. PREPA, or the Puerto...
San Juan, Puerto Rico — Puerto Rico's development bank has entered into a deal with financial creditors that would allow it to avoid a lengthy...
The island’s new governor, who’s considered sympathetic to hedge funds and insurers that want it to repay its debt rather than go bankrupt, is in...
The selection comes two days after Puerto Rico Gov. Ricardo Rosselló said the government had officially notified the state's Fiscal Supervision...
As Puerto Rico goes through its bankruptcy process, U.S. Rep. Rob Bishop, R-Utah, chairman of the U.S. House Committee on Natural Resources, ...
Puerto Rico's creditors, including some hedge funds known as "vulture funds," are reluctant to settle debts in bankruptcy proceedings...
In San Juan, Puerto Rico, a federal judge Wednesday held a hearing to begin restructuring the U.S. territory's $74 billion public debt. It'...
SAN JUAN — Puerto Rico's government and a group of general obligation bondholders are holding preliminary talks aimed at reaching a deal they .....
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...