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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...
The president of the US trade union AFCSME, Lee Saunders, maintains that “to place the burden on the backs of workers is wrong”
"Trump should use all the tools at his disposal to help American citizens living in Puerto Rico shed the predatory debt that Goldman Sachs and...
The Resident Commissioner assures that she seeks a good-faith agreement for PREPA's restructuring plan
Arriving in Puerto Rico, sounds of the famous “Nuyorican” salsa musician Willie Colon's music blasted through the airport speakers in stores and...
Law360, New York (May 30, 2017, 10:06 PM EDT) -- Payments on bonds issued by the Puerto Rico Sales Tax Financing Corp. were frozen on ...
SAN JUAN, P.R. — Puerto Rico's first day in federal court to reduce its $123 billion in bond debt and unfunded pensions got off to a cordial...
Puerto Rico Gov. Ricardo Rosselló and his financial advisors are insisting that the Title III judge cannot review the amount of debt that Puerto Rico...
A federal stay barring Puerto Rico's creditors from taking legal action against the commonwealth and most of its entities for nonpayment of debt...
“Having urgency is crucial,” said Kevyn Orr