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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 Puerto Rico Oversight Board approved a plan to cut Puerto Rico Aqueduct and Sewer Authority debt service by 35% through 2026, while ...
WASHINGTON, USA -- On Monday, creditors and insurers representing approximately $12 billion of bonds issued by Puerto Rico and its ...
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, ...
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'...
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...
Puerto Rico bondholders rejected Gov. Ricardo Rossello's debt-restructuring proposal days before a Monday deadline to craft a deal or face a ...
FAFAA believes they could reach a better agreement, and that they will negotiate with the other bondholders, with or without mediation
Law360, New York (July 21, 2017, 8:41 PM EDT) -- A group of investors with billions at stake in Puerto Rico public pension bonds has sued the United...
All is not well in Puerto Rico, which has declared a kind of bankruptcy to get out from under an estimated $73 billion in debt. The only problem is,...