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Fiscal Agency and Financial Advisory Authority (PROMESA)

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  • Fiscal Agency and Financial Advisory Authority (PROMESA)
Deal to restructure Puerto Rico power company debt crumbles as some bondholders walk away
Posted inBreaking News Business News Caribbean News

Deal to restructure Puerto Rico power company debt crumbles as some bondholders walk away

SAN JUAN (AP) — A plan to restructure more than $9 billion in debt held by Puerto Rico’s ailing power company hit a big snag this week after a group of bondholders…
Posted by John McCarthy August 30, 2025
Puerto Rico board submits third plan to restructure power company debt of $10 billion
Posted inBreaking News Business News Caribbean News

Puerto Rico board submits third plan to restructure power company debt of $10 billion

SAN JUAN (AP) — A new plan for restructuring $10 billion in debt owed by Puerto Rico’s power company was filed late Friday in the latest attempt to end a…
Posted by John McCarthy September 4, 2023
Supreme Court Rules Against Puerto Rican Journalists Seeking Records From Board
Posted inAt VIFreep Breaking News Business News

Supreme Court Rules Against Puerto Rican Journalists Seeking Records From Board

WASHINGTON (AP) — The Supreme Court ruled Thursday against an organization of Puerto Rican journalists in its quest for documents from the financial oversight board created to deal with the island territory’s…
Posted by John McCarthy May 12, 2023
Attorneys Stall For Time In Fighting Court Request To Dismiss $6 Billion In Debt
Posted inAt VIFreep Breaking News Business News

Attorneys Stall For Time In Fighting Court Request To Dismiss $6 Billion In Debt

SAN JUAN -- Attorneys representing bondholders hit by a recent request to dismiss more than $6 billion of Puerto Rico's debt demanded more time to fight the proposal during a…
Posted by John McCarthy January 30, 2019
Federal Control Board Seeks To Invalidate $6 Billion of Puerto Rico’s Debt
Posted inAt VIFreep Breaking News Business News

Federal Control Board Seeks To Invalidate $6 Billion of Puerto Rico’s Debt

SAN JUAN — A federal control board that oversees Puerto Rico's finances is asking a court to invalidate more than $6 billion worth of debt issued by the U.S. commonwealth,…
Posted by John McCarthy January 15, 2019
Puerto Rico To Send Its Inmates To United States … Out of ‘Archaic’ Island Prisons
Posted inAt VIFreep Breaking News Caribbean News

Puerto Rico To Send Its Inmates To United States … Out of ‘Archaic’ Island Prisons

[ad name="HTML-68"] [wpedon id="23995" align="left"] SAN JUAN -- Bankrupt Puerto Rico plans to save money by closing as many as a third of its jails and shipping its inmates to…
Posted by John McCarthy April 14, 2018
ROSSELLO’S REP: If We Bow Down To Feds Now, Puerto Rico Will Become A Footnote To Caribbean History
Posted inAt VIFreep Breaking News Environmental News

ROSSELLO’S REP: If We Bow Down To Feds Now, Puerto Rico Will Become A Footnote To Caribbean History

[ad name="HTML-68"] [wpedon id="23995" align="left"] SAN JUAN — Puerto Rico government officials said Friday they will not bow to demands from a federal control board overseeing the island’s finances that…
Posted by John McCarthy March 24, 2018
HURRICANE RECOVERY? Trump Tells Puerto Rico It Is Too Rich For $1 Billion in Federal Aid
Posted inAt VIFreep Breaking News Business News

HURRICANE RECOVERY? Trump Tells Puerto Rico It Is Too Rich For $1 Billion in Federal Aid

[ad name="HTML-68"] [wpedon id="23995" align="left"] SAN JUAN — A billion-dollar emergency loan approved by Congress to help Puerto Rico deal with the effects of Hurricane Maria has been temporarily withheld by federal…
Posted by John McCarthy January 18, 2018
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