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Debt Restructuring News

Debt Restructuring


Experts in public finances describe the difficulties that the Island would face against the possible collapse of the local economy
Puerto Rico's fiscal tug-of-war with pensioners, bondholders, other creditors and its own finances starts a new, uncharted chapter on May 17.
Law360, New York (May 4, 2017, 4:07 PM EDT) -- The insurers of $9 billion of Puerto Rico's $70 billion debt told a federal court Wednesday that...
The tiff shows the long odds of Puerto Rico meeting the stated goal of securing an agreement to restructure its debt by May 1, when the island risks...
The premises used by the fiscal teams are different and must be clarified to enable a dialogue
Title III of the law, offers an equivalent mechanism of a federal bankruptcy to clarify the differences between the government and the bondholders,...
The debt crisis in Puerto Rico is taking a bite out of education with 178 schools to be closed after the last day of the school year. The closures...
Puerto Rico essentially filed for bankruptcy this week in order to restructure more than $120 billion in debt and pension obligations. With the...
A man dressed as Spider-Man walks past a burning barricade in San Juan, Puerto Rico, May 1, to protest the government's austerity measures in...
Puerto Rico, for those who may not know, is currently in debt. And where there is debt, there are typically lawsuits. Puerto Rico currently has a...
Puerto Rico's so-called COFINA bondholders allege that around $3.5 billion of the island's general obligation (G.O.) debt is invalid...
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,...
Puerto Ricans protest looming austerity measures in San Juan on Monday, two days before the island's governor announced it was seeking ...
The Puerto Rico government is offering to pay its senior creditors around 50 cents on the dollar as part of efforts to address its economic crisis.