All posts tagged "bankruptcy"
Prepa: We Need Puerto Rico Bankruptcy Law Because RSA ‘Fragile’ and ‘Uncertain’
Nonprofits say Inability to Restructure Debt Will Hurt Essential Services The Puerto Rico Electric Power Authority (Prepa) has urged the U.S. Supreme Court to validate a local bankruptcy law because the current restructuring support agreement (RSA) with...
- Posted February 12, 2016
Gov. García Padilla: I will Answer Hatch’s Letter, but Congress Needs to Have Will to Act
SAN JUAN – In response to a recent letter sent by a high-ranking Republican senator, demanding detailed information on the island’s fiscal state, Gov. Alejandro García Padilla said Thursday he will answer as soon as possible, but...
- Posted February 11, 2016
Pro-Statehood Lawyer: Excluding Puerto Rico From Bankruptcy Protection Violates Equal Protection Clause
Pro-statehood lawyer Gregorio Igartúa urged the U.S. Supreme Court to rule that Puerto Rico is an “incorporated territory” of the U.S. to stop the discriminatory treatment against the island and rule the applicability of Chapter 9 of...
- Posted February 1, 2016
Pierluisi Expects Legislation on P.R.’s Crisis Following U.S. House Feb. 2 Hearing
SAN JUAN – Resident Commissioner Pedro Pierluisi said he expects Congress to unveil a legislative package aimed at tackling Puerto Rico’s fiscal and economic woes after a U.S. House Indian, Insular & Alaska Native Affairs Subcommittee hearing...
- Posted January 24, 2016
Amendment Mulled to Allow Prepa Revitalization Corp. to File for Bankruptcy
SAN JUAN – One of the numerous amendments lawmakers are evaluating for the Puerto Rico Electric Power Authority Revitalization Act will allow a corporation created by the bill to file for bankruptcy. Senate Bill 1523 and House...
- Posted January 19, 2016
Arch Coal Files for Chapter 11 Bankruptcy Protection
NEW YORK – Arch Coal, which has been hurt by the weakening demand for coal, filed for Chapter 11 bankruptcy protection Monday. The coal industry is struggling as electric power companies shift to using natural gas, which...
- Posted January 11, 2016
New York Times: Don’t Abandon Puerto Rico
The New York Times has published an editorial urging the U.S. Congress not to “abandon” Puerto Rico and the 3.5 million American citizens living on the island. The Times’ Editorial Board lashes out against “investors who are...
- Posted December 26, 2015