-
Swain rejected several legal challenges to the Plan of Adjustment. The Oversight Board must file a final amended plan by Friday.
January 11 -
The bankruptcy judge is unlikely to rule on the Plan of Adjustment and related legal documents until the federal government has filed its defense.
January 7 -
The credit unions had bought $976 million of Puerto Rico bonds and notes, which they alleged they were coerced to purchase by Puerto Rico government and its agencies.
January 6 -
One observer questions if enough money is available.
January 3 -
The Act 154 excise tax brought in 21% of revenue to the General Fund July to October.
December 30 -
Pension laws had been perhaps the key issue that could have scuttled the island's debt restructuring deal.
December 28 -
Puerto Rico's government, bondholder Peter Hein, and eminent domain parties make call for varied changes to the board's proposed documents.
December 27 -
The board has long maintained that if the pension laws are allowed to stand, the Plan of Adjustment would not be implemented, scuttling the entire bankruptcy deal.
December 21 -
While the U.S. continues to lag pre-pandemic levels, Puerto Rico is now ahead by 2.3% from November 2019.
December 17 -
A fight is brewing over whether the Oversight Board can preempt some of the territory's pension statutes.
December 15