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Debt Restructuring News

Debt Restructuring


The Puerto Rico Electric Power Authority (PREPA) was the first, and so far the only, government agency in Puerto Rico to negotiate a debt...
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
On May 3, 2017, in an unprecedented move, the Fiscal Oversight Board requested for bankruptcy-like protection under Title III of the PROMESA Act. The...
After the May 1st deadline, Puerto Rico is facing a historical moment. A lot has been said about the events that were going to unfold after the end...
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...
Rosselló warns he will activate Tittle III of PROMESA if creditors refuse to accept proposals
The tiff shows the long odds of Puerto Rico meeting the stated goal of securing an agreement to restructure its debt by May 1, when the island risks...
Puerto Rico continues to struggle with the consequences of irresponsibly running up debt. It owes debtors about $70 billion, and a default on debt ...
The premises used by the fiscal teams are different and must be clarified to enable a dialogue
Puerto Rico Gov. Ricardo Rosselló presented a fiscal year 2018 budget Wednesday that allots at least $2.04 billion for pensions and nothing for the...
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:...
Puerto Rico Gov. Ricardo Rosselló — pictured here before he was governor on Oct. 29, 2016 — announced bankruptcy proceedings for the country ...
Puerto Rico's Governor Ricardo Rossello addresses the audience during a meeting of the Financial Oversight and Management Board for Puerto Rico...