Puerto Rico

Nebraska relies on Chapter 9 as a quick and easy way to restructure troubled special taxing district debt.

Puerto Rico’s attempt at a quick and consensual debt restructuring may quickly dissolve into legal chaos, analysts said.

Puerto Rican officials called for consensual restructuring of its debt with its creditors at a meeting Monday in midtown Manhattan.

Puerto Rico’s Monday meeting with its bondholders puts the commonwealth and its creditors on an unpredictable path of negotiation and litigation, if history is a guide.

A Puerto Rico diaspora group launched a project to help Puerto Rico’s economy Friday.

The House Judiciary Committee is unlikely to pass legislation that would give Puerto Rican public municipalities and utilities the ability to file for bankruptcy under Chapter 9, committee chair Bob Goodlatte, R-Va., said in a Wednesday statement.

Puerto Rico plans to present its case for restructuring its debt in New York City on Monday.

Pressure is mounting for Congress to make Puerto Rico's public entities eligible for Chapter 9 bankruptcy protection in the wake of an appeals court decision that found the territory's restructuring law illegal, and calls from top presidential candidates for congressional action.

Puerto Rico Gov. Alejandro García Padilla signed a bill that will allow the government the option of suspending general obligation bond set-asides early in the fiscal year.

Puerto Rico has indicated that September may be the start of the commonwealth government’s monetary defaults.