The POA also includes provisions to protect government retirees and settles about $1 billion in claims to Puerto Rico residents and businesses.
After more than five years, the US District Court for the District of Puerto Rico approved a Plan of Adjustment that reduces the commonwealth’s debt by 80% and saves Puerto Rico more than $50 billion in debt service payments. Among other matters, the plan orders modifying some $33 billion in central government obligations. In a […]
The Unsecured Creditors Committee, one of the parties participating in the restructuring process of some $73 billion in government debt, announced it will be hosting several informative sessions for creditors who may have received voting ballots. The creditors may have recently received a Class 58 or Class 66 ballot to vote to accept or reject […]
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