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Title III bankruptcy judge Laura Taylor Swain approved hiring Phoenix Management Services LLC as financial advisor for the mediation process.
August 22 -
The judge in the Puerto Rico Title III bankruptcy cases is scheduled to weigh motions by Puerto Rico Electric Power Authority and Puerto Rico Sales Tax Finance Corp. (COFINA) bondholders at a hearing Wednesday.
August 8 -
The Puerto Rico Oversight Board announced it was planning an investigation of the island’s public sector debt.
August 2 -
Noel Zamot will oversee expediting permitting for crucial projects to help strengthen the territory's economy.
July 24 -
The organizational session set the stage to address disputes in a restructuring of $47.5 billion of Puerto Rico’s debt.
July 12 -
With fiscal year 2017 nearing an end in Puerto Rico, the Oversight Board was threatening to approve a budget Friday morning without local government agreement and the electric power authority was on the verge of default on a $423 million bond payment due Monday.
June 29 -
Puerto Rico Title III Judge Laura Taylor Swain retained control over deciding about the island's sales tax bonds and diminished the Oversight Board’s role in the case at Wednesday’s hearing.
June 28 -
Puerto Rico said the money belongs to the agency as it works through bankruptcy proceedings to reduce its debt.
June 26 -
The Puerto Rico legislature approved a General Fund budget without debt service, leaving it to the Oversight Board to say where money for bond payments will come from in fiscal 2018.
June 26 -
The governor said the Oversight Board lacks the authority decide about staffing levels and personnel spending.
June 23