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Mealeys

MLex

COMMONWEALTH OF PUERTO RICO

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Case Number:

3:17-bk-03283

Court:

Puerto Rico

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. November 08, 2021

    Puerto Rico Plan Confirmation Opens With Debt Holder Deal

    The long-awaited confirmation hearing for the bankruptcy plan proposed by the Commonwealth of Puerto Rico began Monday with news of a deal that converted a sizable constituency of debt holders into supporters of the plan.

  2. November 04, 2021

    Puerto Rico Oversight Board Files 8th Amended Reorg Plan

    Puerto Rico's fiscal oversight board declared Thursday that it will move ahead with confirmation hearings next week on an eighth amended bankruptcy reorganization plan that eliminates modifications or cuts to the pensions of active or retired commonwealth employees, heading off major opposition.

  3. November 01, 2021

    Puerto Rico To Send Notice To Retirees On Bankruptcy Plan

    Puerto Rico's Financial Oversight and Management Board told a New York federal judge Monday it would be sending out updated notices to commonwealth employees and retirees, explaining the impact on their pensions of a bond authorization act passed by the island's Legislature last week.

  4. October 25, 2021

    Time Running Out For Puerto Rico Debt Plan, Judge Says

    The judge overseeing Puerto Rico's debt restructuring told the island's financial oversight board and its elected officials on Monday that dismissal of the case is on the table if they can't resolve their differences over pension language in a bond authorization bill.

  5. October 22, 2021

    Stalled Bond Bill Could Endanger Puerto Rico Restructuring

    The judge overseeing Puerto Rico's debt restructuring Friday called for an urgent status conference after reports that a bond issue needed to make the plan proposed by the island's fiscal oversight board work failed to pass the commonwealth's upper house.

  6. October 20, 2021

    Puerto Rico Fiscal Plan Under Fire As Hearing Approaches

    Bondholders, bond underwriters, teachers and credit unions are among those who have registered their objections to Puerto Rico's proposed restructuring of the island's debt as the plan heads toward its confirmation hearing in three weeks.

  7. October 18, 2021

    Puerto Rico Debt Plan Encroaches On Lawmakers, SEIU Says

    The Service Employees International Union has told a federal bankruptcy judge that the Puerto Rican government cannot be affirmatively required to enact certain legislation currently called for as part of a proposed plan to restructure some $70 billion in debt carried by the territory.

  8. October 06, 2021

    Judge Will Have Final Say On Puerto Rico Fiscal Plan

    The federal judge overseeing Puerto Rico's financial restructuring Wednesday ruled that she will be the one to make the final call on whether the restructuring proposed by the island's fiscal oversight board is consistent with the board's future fiscal plan.

  9. August 09, 2021

    Retail Bond Committee Denied In Puerto Rico Bankruptcy

    A bondholder lost his battle for the appointment of an official committee of retail bondholders in the Commonwealth of Puerto Rico's bankruptcy case when the presiding judge ruled Monday that the interests of small investors have been adequately represented.

  10. July 20, 2021

    Puerto Rico Fiscal Board Says New Bond Group Is Not Needed

    Puerto Rico's financial management board is asking the judge overseeing the commonwealth's bankruptcy case to reject a call for a committee to represent "retail" bondholders, saying they have been adequately represented in the case.