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Debt Restructuring News

Debt Restructuring


The new plan entails stricter adjustments to balance the budget, and it insists on greater cutbacks to the bondholders
Committee understands that bondholders of this public corporation do not have a secured debt
Law360, New York (June 15, 2017, 3:12 PM EDT) -- The U.S. bankruptcy watchdog on Thursday appointed two committees to represent retirees and ...
The endgame for Puerto Rico's debilitating fiscal crisis has begun. Unable to manage a $74 billion debt that has accompanied a decade of...
Bondholders were still waiting Monday afternoon to learn whether the Puerto Rico Oversight Board would be filing for a Title III bankruptcy process...
The federal entity warns that a general restructuring of the obligations is only achievable in court
On June 11, the citizens of Puerto Rico passed a non-binding referendum calling for Puerto Rico to be the 51st state of the United States. The vote...
The government failed to include previsions in the fiscal plan in the event courts rule on higher payments for creditors
NEW YORK, April 29 (Reuters) - Puerto Rico's government presented a debt restructuring offer late on Friday that could repay as much as 77...
MIAMI – The governor of Puerto Rico announced Wednesday that the U.S. territory would seek a form of bankruptcy protection to restructure its $70 ...
March 29 (Reuters) - Creditors of Puerto Rico's struggling power authority, PREPA, have presented the island's government with a counter-...
There are individuals, insurance firms and universities in the group to which the government owes
Instead, the governor of Puerto Rico, Ricardo Rosselló, petitioned for relief under Title III of a new federal law for insolvent territorial...
The battle over Puerto Rico's bankruptcy filing, the largest ever by a local U.S. government, is expected to be long and bitter, as bondholders...
The public utility’s RSA were extended to April 13, and the government estimates savings of $2.2 billion due to new terms