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It is unclear if the Oversight Board will accept the law and how much it differs from Board-endorsed legislation that failed last week in the legislature.
October 27 -
Judge Laura Taylor Swain contemplates dismissing the bankruptcy, which would leave bondholders in position to sue for full payment.
October 25 -
The Puerto Rico Bankruptcy Judge on Friday ordered a meeting for Monday between the Oversight Board, lawmakers, the governor and creditors to discuss possible alternatives.
October 22 -
The island's General Fund gained $1.476 billion of revenue.
October 21 -
The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.
October 18 -
Lawmakers say they will support legislation backing the Plan of Adjustment, which has been a major hurdle for completion of the debt restructuring plan.
October 15 -
Judge Swain keeps the process on schedule to start the Confirmation Hearing on Nov. 8.
October 14 -
The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.
October 14 -
Bond insurer Ambac Assurance joined other creditors in saying without local government support, they may withdraw theirs for the Plan of Adjustment.
October 13 -
Amendments would make it "impossible" to enact the Plan of Adjustment because the cost would be too high.
October 8