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They say the Oversight Board's argument restricting their claims just to money in the sinking fund is wrong.
October 19 -
FAFAA and Gov. Pedro Pierluisi retain some influence over the direction of an adversary proceeding in the PREPA bankruptcy and on the ultimate PREPA bond deal.
October 14 -
Swain said the bondholders lien on revenues and the recourse nature of the bonds needs to be determined. The judge would likely order a plan confirmation hearing take place by June 2023.
September 28 -
While the parties generally support the start of litigation, they are arguing about everything else.
September 26 -
A multi-option plan of adjustment would be filed within 60 days.
September 22 -
Swain postponed Wednesday's bankruptcy hearing in the case and extended the comment deadline.
September 20 -
Bondholders want a quick resolution and they say the Oversight Board's approach would take two years.
September 19 -
Judge Swain on Wednesday will consider the Oversight Board's proposal to commence litigation on creditor claims.
September 17 -
Puerto Rico's Fiscal Agency and Financial Advisory Authority said it "is available to assist the municipalities, as financial advisor and fiscal agent of the Government, on any restructuring that it deems necessary."
September 16 -
The statement could be interpreted as also suggesting a restructuring of $242 million in bonds.
September 14