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Latest Breaking News On - Promesa - Page 8 : comparemela.com

Bondholders attack Oversight Board s PREPA assumptions

The bondholders and bond insurers submitted four expert reports to support their belief they deserve more money than what's being offered in the PREPA bankruptcy.

Puerto ricoUnited statesPuerto ricanSebastian edwardsGary strumeyerSusan tierneyMaureen chakrabortyLos angelesUs bankAnalysis groupPuerto rico electric power authorityAd hoc groupOversight boardAssured guarantySyncora guaranteeBoston based analysis group

Puerto Rico is reducing evasion of sales taxes

Technology is improving collection of the tax supporting COFINA bonds.

Puerto ricoPedro pierluisiPuerto rico sales tax financing corpTreasury office of economicPuerto rico treasury departmentFinancial affairsPuerto rico sales tax financingDepartment secretary francisco parRico governor pedro pierluisiTreasury francisco parPuerto rico secretaryOversight boardPuerto rico oversightEconomic stabilityPuerto rico sales tax financing corp cofinaTax avoidance

PREPA bondholders argue for appeal of lien in bankruptcy

They say there are at least six different novel or unsettled questions of law that would be clarified by an appeals court ruling.

United statesPuerto ricoLaura taylor swainPalo secoUnited states district courtFinancial advisory authorityDistrict courtFirst circuit of appeals courtCommittee of unsecured creditorsPuerto rico electric power authorityFiscal agencyUs bankAd hoc groupOfficial committeeUnsecured creditorsAssured guaranty

Lack of consensus risks PREPA bankruptcy dismissal, judge warns

The parties haven't been engaging in mediation, angering Judge Swain.

Puerto ricoDavid skeelJohn muddLaura taylor swainJohn hallacyPuerto rico electric power authorityDistrict courtAd hoc groupFinancial advisory authorityUnsecured creditors committeeFiscal agencyDistrict court judge laura taylor swainTaylor swainJudge laura taylor swainPuerto rico oversight boardPuerto rico attorney john

Puerto Rico board chair says PREPA payout remains unclear

How $5.7 billion will be divided among creditors remains to be figured out.

Puerto ricoBrian tumultyDavid skeelLaura taylor swainRobert mujicaDistrict courtPuerto rico electric power authorityPuerto rico oversight boardBoard executive director robert mujica

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