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Debt Restructuring News

Debt Restructuring


The hedge-fund fight over Puerto Rico bonds is heating up as two groups of investors accuse each other of wrongdoing.
A trustee of the United States designates committees to renegotiate debt
"Make no mistake: The board has chosen to turn Puerto Rico into the next Argentina", says Andrew Rosenberg, a lawyer at Paul, Weiss,...
Puerto Rico is the terrifying Ghost of Illinois Future: a worst-case example of what happens when a government no longer can pay its bills. The...
The Bank of New York Mellon Corporation (NYSE:BK) said that, a Puerto Rico creditor is taking legal action against bond trustee Bank of New York ...
Puerto Rico's new government tapped law firm Dentons to help it develop a fiscal turnaround plan and lead restructuring negotiations with...
The leaders of the private sector and former representatives of consumers in the PREPA Governing Board concur over that matter
Inside a courtroom in San Juan, Puerto Rico, today, the largest government bankruptcy proceeding since that of Detroit will get underway as the U.S...
Puerto Rico's $123 billion in debt and pension obligations far exceeds the $18 billion bankruptcy filed by Detroit in 2013. Some of the island...
WASHINGTON - Before May, protections expire that shelter Puerto Rico from debt lawsuits and predatory financial groups popularly known as ...
SAN JUAN — Puerto Rico's government and a group of general obligation bondholders are holding preliminary talks aimed at reaching a deal they ...
U.S. District Judge Laura Taylor Swain in a four-page opinion said Puerto Rico made a strong showing there could be a "considerable impact...
University of Puerto Rico (UPR) chemists are facing tough times as the island nation's budget crisis is worsening and student strikes have shut...
By Philip ScipioNEW YORK, May 19 (IFR) - Puerto Rico creditors that are owed roughly US$74bn took their brawl into federal court last week as the ...
Wall Street investment banks issued hundreds of Puerto Rico municipal bonds to take advantage of the triple feature that made the Caribbean Island...