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As long as the Oversight Board offers virtually nothing to many PREPA bondholders, the bankruptcy is likely to be tied up for years in litigation.
July 10
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New Jersey's Toms River school district was downgraded two notches by S&P after refusing to adopt a budget and discussing bankruptcy.
July 9
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A New Jersey school district will likely avoid filing for bankruptcy after the state passed a budget that raised property taxes.
July 8
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As it fights with the state over funding, the board of the Toms River Regional School District refused to raise taxes and threatened a bankruptcy filing.
July 7
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Damages awarded to the developer are several times tiny Cle Elum's $5 million general fund budget for 2025.
June 27
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The archdiocese allegedly backed away from repeated promises bond parties would be paid in full, they said.
June 20
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The U.S. Virgin Islands WAPA said the Public Service Commission's reduction of electric rates jeopardizes its ability to pay bills and provide electric service.
June 12
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Rep. Scott Fitzgerald said PROMESA indicated PREPA needed to regain access to capital markets and suggested a deal with bondholders would aid this.
May 15
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Construction problems and cost overruns for a bond-backed project pushed the company into a pre-negotiated Chapter 11 bankruptcy.
April 22
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The bond parties argue that they are due the multi-billion-dollar fee from PREPA in addition to bond pricipal and interest.
April 10
