SAN JUAN – The Executive Director of the Fiscal Agency and Financial Advisory Authority of Puerto Rico (AAFAF), Gerardo Portela, announced in a written statement that beginning this week, final notices will be sent to creditors as part of the proceedings under Title III of Promesa.
The notices will be sent by regular mail to potential creditors of the commonwealth, the Puerto Rico Sales Tax Financing Corp. (Cofina by its Spanish acronym), the Government Employees Retirement System, the Highways & Transportation Authority, and the Puerto Rico Electric Power Authority (Prepa).
Pursuant to the order issued by U.S. District Court Judge Laura Taylor Swain, creditors that are notified will have until May 29 at 4 p.m. to submit their proofs of claim in order for their debts to be considered in the debt adjustment plan approved as part of the restructuring process under Promesa.
AAFAF’s Executive Director says that any person or entity that is not exempted by the order and has a claim against a debtor entity from before the commencement of the Title III proceedings may submit a proof of claim. However, Portela Franco pointed out that creditors who do not to file on time will be precluded from making claims.
Claimantss may also hand-deliver the form at José V. Toledo Federal Building in Old San Juan (Monday to Friday from 8 a.m. to 5 p.m.); Federico Degetau Federal Building in Hato Rey (Monday to Friday from 8:30 a.m. to 4:30 p.m.); MCS Building, Suite 222 A in Ponce (Monday to Friday from 8 a.m. to 5 p.m.); Aerotek Añasco at the Bianca Convention Center in Añasco (Monday to Friday from 8:30 a.m. to 5 p.m.); Ocean Hub Center in Caguas (Monday to Friday from 8:30 a.m. to 5 p.m.); and at CoSpazio in San Juan (Monday to Friday from 8:30 a.m. to 5 p.m.).