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David Brownstein, who helped Jefferson County, Alabama, and Detroit return to market after bankruptcy, has opened a new firm that is advising the Oversight Board on its plan of adjustment for PREPA.
February 15 -
If the appeals court overrules parts of her decision, Judge Swain said she is "capable of adapting and reacting appropriately."
February 12 -
If the appeals court rules for them, the bond parties say, a new plan of adjustment may be needed.
February 6 -
The court is considering whether the original PREPA trust agreement gave bondholders a lien on all revenues, which they argue should extend beyond the debt restructuring, or only on the money the authority deposited in its reserve fund.
February 1 -
While this appeal was rejected, the panel suggested bondholders could immediately file a new motion for relief.
January 23 -
Bond parties say several parts of the original trust agreement support their lien on the authority's revenues.
January 23 -
Board chairman says Juan Sabater will bring valued economic expertise to the panel.
January 19 -
Nelson Pérez Méndez will become the interim Secretary of the Treasury.
January 12 -
The board says the bondholders have no "unsecured claim" and only a lien on a small amount of money held by the authority when it was placed into bankruptcy.
January 9 -
Judge says the issues can be considered at March's confirmation hearing.
January 5