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Debt Restructuring News

Debt Restructuring


The island of Puerto Rico has been in big trouble for some time now because of its leaders' fiscal irresponsibility and overspending. The result...
NEW YORK A congressional subcommittee on Tuesday urged Puerto Rico Governor Ricardo Rossello to finalize an $8.9 billion debt restructuring at ...
The judge in the Puerto Rico Title III bankruptcy cases is scheduled to weigh motions by Puerto Rico Electric Power Authority and Puerto Rico Sales...
The administration will present a larger budget than predicted in the Fiscal Plan, but will not prevent cuts nor will it imply more money for...
Last week, Puerto Rico took another step in its long, mostly futile attempt to stabilize its economy and budget when it filed for a modified version...
The governor doesn’t rule out his government from declaring territorial bankruptcy
The scale of Puerto Rico's debt is also unusual: it has about $123 billion in debt and pension obligations. For comparison, Detroit had $18...
With Title VI now looking a pipedream and Title III Restructuring a near certainty in Puerto Rico, Height Securities said in a note released on...
Bond insurers for Puerto Rico's debt are seeking a court order that would allow them to crack open the books for the broke U.S. territory,...
The Government sets aside more money for the public debt than what the Oversight Board requested
Members of the Fiscal Oversight Board are divided over the future of the PREPA while politicians in Washington and business people push for and...
O) said it was "aggressively pursuing" loss mitigation strategies in debt-laden Puerto Rico. Ambac's plan announced in its quarterly...
The Commonwealth of Puerto Rico (a/k/a Government of Puerto Rico) filed a Title III Petition with the U.S. District Court in the District of Puerto...
The agreement, with the final approval of all the parties, including the Oversight Board, will provide Puerto Rico with the first tool to gain the...
Puerto Ricans in early 2016 were suffering power outages at rates four to five times higher than average U.S. customers, said the report from the ...