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After more than four years of intense negotiations between many stakeholders, the Oversight Board's Plan of Adjustment gets the OK from Judge Laura Taylor Swain, moving the commonwealth closer to emerging from bankruptcy.
January 18 -
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 -
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 issue is the power of the Oversight Board over several locally passed pension laws the board says might make the Plan of Adjustment unfeasible.
December 13 -
Revenues were also up compared to the first quarter of fiscal 2021.
November 30 -
No consensus on whether the judge will make changes to the plan before approval.
November 24