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Rochelle's Daily Wire | ABI Exclusive

March 29, 2019

First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.

March 28, 2019

First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.

March 25, 2019

First Circuit finds no exceptions to the automatic stay under PROMESA subjecting Puerto Rico to ‘ordinary course’ litigation.

February 18, 2019

The appeals court is attempting to avoid chaos despite ruling that the appointment of Puerto Rico Oversight Board members violated the Appointments Clause of the Constitution.

February 1, 2019

First Circuit reverses, upholding the validity of bondholders’ security interests in $2.9 billion of collateral.

December 14, 2018

In the first opinion at the circuit level, the First Circuit latches onto the lousy drafting of Section 362(c)(3)(A) to end the automatic stay entirely, 30 days after the second filing within a year.

October 15, 2018

Section 1322(c) allows a debtor to cure a mortgage default so long as the foreclosure deed was not recorded before bankruptcy.

September 24, 2018

Courts split on allowing compensation to a chapter 7 trustee when the case is converted to chapter 13 before distributions were made.

September 7, 2018

Defining collateral by reference in a UCC-1 is held invalid in Puerto Rico’s bankruptcy.

August 10, 2018

Puerto Rico’s toll road bonds don’t have statutory liens, circuit court rules.

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