Searching Content indexed under Insolvency/Bankruptcy/Re-structuring by Lorraine McGowen ordered by Published Date Descending.
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The Impact Of PROMESA On Creditors
On June 30, 2016, the United States Senate passed the "Puerto Rico Oversight, Management and Economic Stability Act" ("PROMESA") and it was quickly signed into law by President Obama.
United States
18 Aug 2016
US Supreme Court Issues Two Significant Cases On Puerto Rico's Sovereignty
In Franklin California Tax-Free Trust, the US Supreme Court found that section 903(1) of the Bankruptcy Code preempts the Puerto Rico Debt Enforcement and Recovery Act (the "Recovery Act").
United States
5 Jul 2016
Monoline Insurer Challenges Puerto Rico's Moratorium Law
On June 15, 2016, National Public Finance Guarantee Corporation, an indirect subsidiary of MBIA Inc. ("NPFG") commenced an action in the United States District Court for the District of Puerto Rico...
United States
4 Jul 2016
Update On Puerto Rico
By order dated December 4, 2015, the US Supreme Court has agreed to consider the appeal by the Commonwealth and the Government Development Bank...
Puerto Rico
10 Dec 2015
First Circuit Rules Bankruptcy Code Preempts Puerto Rico's Recovery Act
On Monday, July 6, the Court of Appeals for the First Circuit affirmed the February 6, 2015 order and injunction of the Puerto Rico District Court and held that section 903(1) of the Bankruptcy Code preempts the Puerto Rico Debt Enforcement and Recovery Act.
United States
10 Jul 2015
Supreme Court Says Underwater Junior Liens Survive Bankruptcy
On March 30, we reported on two cases pending before the U.S. Supreme Court:Bank of America v. Caulkett1 and Bank of America v. Toledo-Cardona.
United States
9 Jun 2015
Should Underwater Junior Liens Survive Bankruptcy?
The Supreme Court heard oral argument on the consolidated appeals of two decisions from the Eleventh Circuit Court of Appeals, Bank of America v. Caulkett and Bank of America v. Toledo-Cardona.
United States
13 Apr 2015
Puerto Rico Debt Recovery Act Ruled Unconstitutional
On Friday February 6, the Puerto Rico Federal District Court ruled the Debt Enforcement and Recovery Act unconstitutional.
United States
20 Mar 2015
Exploring Temporary Stays Of Early Termination Rights
The American Bankruptcy Institute recently released its Chapter 11 Reform Report. The Reform Report proposed a number of revisions to Chapter 11 related to confirmation, valuation, financing and asset sales, among others.
United States
18 Mar 2015
Summary of Puerto Rico Public Corporation Debt Enforcement & Recovery Act
On June 28, 2014, the Commonwealth of Puerto Rico adopted the Puerto Rico Corporations Debt Enforcement & Recovery Act, Act 71-2014.
Puerto Rico
21 Jul 2014
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