Tag: bankruptcy

Puerto Rico COFINA Bonds and Forgotten Detroit

Puerto Rico COFINA Bonds and Forgotten Detroit

The deal presented to Judge Laura Taylor Swain today to renegotiate the obligations to be paid out under COFINA bonds is in retrospect an extremely ge ...
URGENT: PROMESA Negotiates To Keep Puerto Rico Underwater

URGENT: PROMESA Negotiates To Keep Puerto Rico Underwater

  Swain concludes that the Fiscal Oversight Board (JSF) and the administration of Ricardo Rosselló complied with all the requirements of t ...
Puerto Rico Declares Bankruptcy – US Congressional Failure

Puerto Rico Declares Bankruptcy – US Congressional Failure

      Protestors in San Juan, P.R., on Monday. The island has about $74 billion of bond debt, and about $49 billion of u ...