Puerto Rico

A former Puerto Rico bankruptcy attorney says the firms have conspired to break the law so as to advance their financial interests over those of their clients.

Puerto Rico-based creditors took steps Tuesday to oppose the two biggest proposed restructurings of the commonwealth's bonds.

The money is for post-Maria reconstruction costs.

Although not perfect, this is the type of deal that members of Congress envisioned when authoring PROMESA.

The governor tells the judge it makes no sense to commence a process aimed at approving the plan without her support.

Elí Díaz Atienza will leave his posts as PRASA executive director and liaison to the oversight board later this month.

Having rejected a Puerto Rico Oversight Board request to dismiss the challenges to the restructuring because it would be extremely difficult to undo, a U.S. appeals court is about to entertain the board's arguments on the challenges' substance.

The total employment number slipped below one million in December, according to the U.S. Bureau of Labor Statistics.

Puerto Rico Bankruptcy Chief Mediator Barbara Houser said that the bankruptcy judge should rule on issues concerning "nonsecured creditors."

Deal offers up to 76% for Public Building Authority bonds but as little as 3% for $16B of bonds subordinated to the GO debt in Puerto Rico's constitution.