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Debt Restructuring News

Debt Restructuring


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...
Puerto Rico's so-called COFINA bondholders allege that around $3.5 billion of the island's general obligation (G.O.) debt is invalid...
MBIA Inc. subsidiary National Public Finance Guarantee Corp., Assured Guaranty Corp., Syncora Guarantee Inc. and a group of Puerto Rico Electric ...
Judge Swain orders to hold Cofina’s creditors money in reserve
O) said it was "aggressively pursuing" loss mitigation strategies in debt-laden Puerto Rico. Ambac's plan announced in its quarterly...
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.
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...
Assured Guaranty, led by CEO Dominic Frederico, is among Puerto Rico creditors who say the plan illegally pays other expenditures before debt.
Activists protested what they called Aurelius Capital Management's support for austerity in Puerto Rico at the hedge fund's New York City...
The U.S. Trustee assigned to the Commonwealth of Puerto Rico case appointed an official committee of unsecured creditors. The following members ...
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...
Former chairman of the House Committee on Treasury believes the Board will reject the plan
Puerto Rico Governor Ricardo Rossello addresses the audience while presenting the U.S. territory's $9.6 billion budget for fiscal 2018 at the ...
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...