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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...
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...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
Puerto Rico Governor Ricardo Rossello discusses the country's plan to close a more than $7 billion budget shortfall. He speaks with Bloomberg...
Title III for Roads will affect PREPA and Retirement Systems
Puerto Rico reached a restructuring agreement with bondholders invested in the commonwealth's Government Development Bank, officials .....
When Puerto Rico filed for court protection from creditors—the commonwealth's own bankruptcy-like process created as part of the financial-...
"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...
Projections place recurring operational deficits for the institution if it fails to renegotiate its debt
The Resident Commissioner assures that she seeks a good-faith agreement for PREPA's restructuring plan...
Puerto Rico fiscal officials delayed acceptance of measures in the island electric authority's $9 billion debt deal, spurring speculation that...
It is suggested that the PRHTA, AFI and the Convention District will seek the protection of the court