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Puerto Rico in Distress

Most Recent Bankruptcy Case Docket Information for Commonwealth of Puerto Rico (17-03283)

  • Response to Debtor's Objection to Claims (Number(s): 24272, 25763) Re: 6272 Debtor's Omnibus Objection to Claims TWENTY-THIRD OMNIBUS OBJECTION (NON-SUBSTANTIVE) OF THE COMMONWEALTH OF PUERTO RICO TO EXACT DUPLICATE CLAIMS filed by COMMONWEALTH OF PUERTO RICO filed by HECTOR E VALDES ORTIZ on behalf of COOPERATIVA DE SEGUROS MULTIPLES DE PUERTO RICO
    Attachments:
  • Certificate of service Related document:7043 STIPULATION AND PROPOSED ORDER TO FURTHER EXTEND DEADLINES SET FORTH IN THE COURTS ORDER ENTERED ON FEBRUARY 14, 2019 (ECF NO. 596) Re: 6120 Order Approving Stipulation filed by PUERTO RICO FISCAL AGENCY AND FINANCIAL ADVISORY AUTHORITY, 7045 Motion for Interim Compensation Fifth Interim Fee Application of Proskauer Rose LLP For Compensation for Services Rendered and Reimbursement of Expenses Incurred as Attorneys for the Financial Oversight and Management Board for Puerto Rico, as Repre filed by The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al., 7046 Notice filed by The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al., 7047 Motion for Interim Compensation Fifth Interim Fee Application of Proskauer Rose LLP for Compensation for Services Rendered and Reimbursement of Expenses Incurred as Attorneys for the Financial Oversight and Management Board for Puerto Rico, as Repre filed by The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al., 7048 Notice filed by The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al., 7049 Motion for Interim Compensation Fifth Interim Fee Application of Proskauer Rose LLP for Compensation for Services Rendered and Reimbursement of Expenses Incurred as Attorneys for the Financial Oversight and Management Board for Puerto Rico, as Repre filed by The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al., 7050 Notice filed by The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al., 7052 Motion for Interim Compensation Fifth Interim Application of Proskauer Rose LLP for Compensation for Services Rendered and Reimbursement of Expenses Incurred as Attorneys for the Financial Oversight and Management Board for Puerto Rico, as Represent filed by PUERTO RICO ELECTRIC POWER AUTHORITY, 7053 Notice filed by PUERTO RICO ELECTRIC POWER AUTHORITY, 7054 Motion for Interim Compensation Fifth Interim Fee Application of Proskauer Rose LLP for Compensation for Services Rendered and Reimbursement of Expenses Incurred as Attorneys for the Financial Oversight and Management Board for Puerto Rico, as Repr filed by PUERTO RICO SALES TAX FINANCING CORPORATION (COFINA), 7055 Notice filed by PUERTO RICO SALES TAX FINANCING CORPORATION (COFINA), 7056 MOTION Motion for Entry of an Order (A) Approving Amended Omnibus Objection Procedures, (B) Waiving the Requirement of Bankruptcy Rule 3007(e), (C) Approving Additional Forms of Notice, and (D) Granting Related Relief. filed by COMMONWEALTH OF PUERTO RICO, PUERTO RICO ELECTRIC POWER AUTHORITY, THE EMPLOYEES RETIREMENT SYSTEM OF THE GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO, PUERTO RICO HIGHWAYS AND TRANSPORTATION AUTHORITY, The Financial Oversight and Management Board for Puerto Rico, as Representative of the Commonwealth of Puerto Rico, et al. filed by Adam M. Adler on behalf of Prime Clerk, LLC
    Attachments:
  • Certificate of service Related document:6935 Order Setting Due Date filed by J. RAMON RIVERA MORALES on behalf of Ad Hoc Group of General Obligation Bondholders
    Attachments:
  • Docket listing powered by Prime Clerk. For previous documents and more information, please click here

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    ABI Analysis

    The Financial Oversight and Management Board for Puerto Rico filed Sunday claims against holders of Employees Retirement System (ERS) bonds to recover some $392 million in aggregate payments, but said that it would pursue those claims only if the bonds were declared illegal, Caribbean Business reported.

    President Donald Trump has repeatedly claimed that his administration has given Puerto Rico $91 billion in relief funds after Hurricanes Irma and Maria devastated the island in 2017. But a new report maintains that the island has in fact received $12.6 billion, NBCNews.com reported.

    Puerto Rico’s financial overseers approved a 30-year fiscal framework that boosts the amount potentially available to repay debt by 54 percent while extending their supervisory powers for the first time over the U.S. territory’s 78 municipalities, the Wall Street Journal reported.

    Puerto Rico’s financial oversight board yesterday unexpectedly added the island’s towns and cities to its mandate, a move that it said was aimed at trying to help them avoid insolvency, Reuters reported. To date, the federally created board has only focused on the central government of the U.S.

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    The Financial Oversight and Management Board for Puerto Rico was created under the Puerto Rico Oversight, Management and Economic Stability Act of 2016. The Board consists of seven members appointed by the President of the United States and one ex officio member designated by the Governor of Puerto Rico. Access information on the Board, documents, videos of meetings, calendar of events and live webcasts by clicking here.

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