News Topic: puerto rico

It has become something like conventional wisdom that the pending SCOTUS case involving the Recovery Act is no longer relevant. After all, the giant interest payment due July 1 is largely attributable to GO bonds , and the Commonwealth itself is not even ... Read full article

After taking a look at titles III and VI of the new draft , some quick observations: ... Read full article

I'm still working through the new draft of the PROMESA bill , which readers will recall provides new restructuring options for US territories (including Puerto Rico, of course). But I have to say I got a chuckle out of proposed section 303(3), which ... Read full article

The push to empower the territory of Puerto Rico to write down its debts–something supported by the Obama administration, the island’s government, and some Republican leaders in Congress–appeared to gain backing Wednesday from Donald Trump , the likely ... Read full article

It appears that the House legislation has bogged down .  Two or three issues keep coming up, none of which make a whole lot of sense: ... Read full article

[wsj-responsive-image P="https://si.wsj.net/public/resources/images/BN-HQ748_puerto_M_20150330135850.jpg" J="https://si.wsj.net/public/resources/images/BN-HQ748_puerto_M_20150330135850.jpg" ... Read full article

The revised draft PROMESA bill (available  here ) is now under debate in Congress. The bill appears to respond to some early criticisms, although its length and complexity obscures answers to some important questions. Under the circumstances, it seems ... Read full article

I again offer some initial thoughts on the revised draft bill , now subject to much debate in Congress: ... Read full article

Congress begins considering legislation Wednesday that addresses Puerto Rico’s debt crisis. Here’s a look at seven frequently asked questions: How did Puerto Rico end up with so much debt? The island’s economy has been in recession since 2006, and Puerto ... Read full article

Former mail-order music giant Columbia House, whose only sales now belong to a flailing DVD business, wants to return to its vinyl roots. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

Texas oil company Cubic Energy Inc. filed for chapter 11 protection with a prepackaged plan that would hand control to lenders. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article