PROMESA

With a 4:45 p.m. Monday deadline past, there was no announcement from the Oversight Board on use of Title III in the debt reorganization.

The Puerto Rico Oversight Board approved a plan cutting PRASA, PREPA, PRHTA, and GDB debt payments.

A group of Puerto Rico bondholders are seeking Senate help with perceived oversight board failures.

A member of Puerto Rico’s federal oversight board will give an update on the distressed island’s efforts to combat mounting debt during the May 3 Philadelphia Area Municipal Analysts Society meeting.

Puerto Rico unions are demonstrating and striking against austerity measures originating with the Puerto Rico Oversight Board.

Puerto Rico's oversight board said concerns about its adherence to PROMESA are unwarranted.

Puerto Rico’s Oversight Board plans to discuss the 10 year fiscal plans of several Puerto Rico authorities at a public meeting on Friday.

Puerto Rico’s main opposition party voted to boycott a status plebiscite planned for June 11.

Puerto Rico debt negotiations may be going nowhere with just six full days left before a court restructuring.

Puerto Rico got positive revenue and economic news for March.

A commission reviewing the legality of Puerto Rico’s debt is expected to resume its work, even though the governor signed a bill to terminate it.

Puerto Rico’s creditors may be headed to court after the territory's representatives refused to budge from a fiscal plan limiting debt payment to 24% of the amount due.

When Congress passed the PROMESA last summer, it created a roadmap to address the island’s $70 billion debt crisis and revitalize its economy. The impact of the law now bears watching for millions of Americans living in debt-ridden municipalities and states.

The territory’s government is rushing to rewrite statehood plebiscite language rejected by U.S. Department of Justice.

Puerto Rico bondholders at a meeting Thursday sought substantially better terms from the Puerto Rico Oversight Board and government.

Four investment funds holding COFINA senior bonds are claiming Bank of New York Mellon breached its duties as trustee.

A Puerto Rico judge has revived an “audit” of Puerto Rico’s debt.

The new PREPA deal would force un-insured bondholders to accept a loss of principal, unlike the previous deal, which allowed retention of bonds at face value.

Two senators have asked Puerto Rico's oversight board to show it is following PROMESA.

In this week's Muni Minute, we examine Puerto Rico's debt restructuring negotiations, which are scheduled to begin this week... if the bondholders show up.