Reactions abound over govt’s Title III restructuring filing
May 4, 2017
Local and stateside creditors and credit ratings agencies did not reach a true consensus over the government's decision and future effect of seeking the bankruptcy-like protection under Title III of PROMESA on Wednesday to restructure some $70 billion in debt.
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Payless ShoeSource closing 12 stores in PR; 389 in total
April 14, 2017
Payless ShoeSource is closing 389 underperforming stores in the United States — including 12 in Puerto Rico — providing “a rare opportunity for savvy shoppers to snap up footwear for the whole family at liquidation prices,” the company said Thursday.
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Report: Puerto Rico’s bankruptcy filings drop 2% in ’16
January 26, 2017
The number of bankruptcy cases filed in Puerto Rico during 2016 dropped by 2 percent year-over-year, with a total of 10,221 filed, research firm Boletín de Puerto Rico disclosed Wednesday.
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