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Debt Restructuring News

Debt Restructuring


Puerto Rico's government warned in a liquidity report made public on Wednesday that it will run out of money in less than three months as the U...
Member of the Congress who promoted the approval of PROMESA strikes against the Board
The institution pledges tuition income to pay for its obligations
Puerto Rico bonds are trading near record lows, but that doesn't mean they're not worth even less. The island triggered the start of the...
Puerto Rico's debt situation is constantly changing, with a recent change being the agreement of a new PREPA debt deal. PREPA, or the Puerto...
The island’s new governor, who’s considered sympathetic to hedge funds and insurers that want it to repay its debt rather than go bankrupt, is in...
About the PREPA issue, the governor indicated that it will continue with its normal operation
By Nick BrownMay 17 (Reuters) - Puerto Rico on Wednesday will face investors for the first time in a bankruptcy court, as it kicks off the biggest...
Puerto Rico seeks title III bankruptcy protection for COFINA debt ... that was part of the Puerto Rico rescue law passed last year known as PROMESA.
Puerto Rico's creditors, including some hedge funds known as "vulture funds," are reluctant to settle debts in bankruptcy proceedings...
March 19 (Reuters) - Puerto Rico´s so-called COFINA bondholders allege that around $3.5 billion of the island´s general obligation (G.O.) debt is ...
Hedge funds holding Puerto Rico bonds sued the U.S. government, the first time creditors have tried to put federal taxpayers on the hook for losses...
Law360, New York (May 22, 2017, 6:51 PM EDT) -- The number of entities engaged in Puerto Rico's restructuring doubled over the weekend to four...
The bankruptcy trustee will submit to judge Laura Taylor Swain a report on the creation of committees in the Title III case
It is the biggest restructuring ever by a local government, far larger than Detroit's. Puerto Rico now owes its creditors a whopping $70 billion...