News Puerto Rico Debt: Puerto Rico Eyes Options As It Faces Debt Deadline — Again
After nearly two years of missed payments and delayed actions, Puerto Rico is bumping up against another deadline as it tries to grapple with tens of billions of dollars of debt. One proposal for ...
News Puerto Rico Debt: Puerto Rico's Debt “Is Not Payable”: Governor
Puerto Rico, struggling with a $73 billion debt load and faltering economy, is facing crunch time this week with a deadline to agree on a budget, as well as a July 1 deadline to make a $655 million ...
News Puerto Rico Debt: Who Owns Puerto Rico’s Debt, Exactly? We’ve Tracked Down 10 of the Biggest Vulture Firms.
Ever since Hurricane Maria and Irma devastated Puerto Rico, a looming question has been what will happen to the island’s $74.8 billion in debt, which had crippled its economy even before the storms ...
News Puerto Rico Debt: Puerto Rico Debt Crisis: Everything You Need to Know
Puerto Rico will miss a major debt payment today. — -- Puerto Rico’s government failed to make a large debt payment today – a default that could intensify the island’s financial crisis. The U.S.
News Puerto Rico Debt: Puerto Rico’s power company holds a massive debt. A key hearing to restructure it has started
SAN JUAN, Puerto Rico — A key hearing over the future of Puerto Rico’s crumbling power company and its staggering $9 billion debt began Monday in federal court following years of acrimonious talks between the U.S. territory’s government and creditors seeking to recover their investments. The hearing, which is expected to last up to two weeks, will […]
News Puerto Rico Debt: Puerto Rico Announces Huge, Historic Debt Restructuring
Puerto Rico's governor turned to the courts Wednesday to protect the U.S. territory from a crushing $73 billion debt in the largest effort ever made by a U.S. government to shield itself from ...
News Puerto Rico Debt: A year later, our law is ensuring the disclosure of any conflicts of interest in Puerto Rico’s debt restructuring process
As we celebrate the anniversary of PRAADAâs enactment, our ultimate goal remains clear: the disclosure of every potential conflict of interest that jeopardizes the impartial debt restructuring process for the over three million residents of Puerto Rico, write Bob Menéndez and Nydia Velázquez
News Puerto Rico Debt: Puerto Rico restricting business hours amid case surge
Puerto Rico will not allow businesses to operate after midnight as of Tuesday, in a bid to slow the spread of COVID-19 cases in the U.S. territory.
News Puerto Rico Debt: Puerto Rico Bankruptcy-Exit Plan Offers Island a Fresh Start
(Bloomberg) --Puerto Rico is inching closer to ending its more than four-year bankruptcy as the judge overseeing the workout is reviewing a restructuring plan that cuts billions in debt, fixes a broke ...
