Stephen Selbst authored an article for Bloomberg BNA's Bankruptcy Law Reporter regarding recently enacted legislation to address Puerto Rico's municipal debt crisis.

A request for unanimous consent made on Wednesday, December 9th in the Senate to a bill that would allow Puerto Rico to declare bankruptcy was unsuccessful.

The Commonwealth's Title III case is the largest municipal restructuring proceeding in U.S. history.

For municipal bond investors and insurers, recent events in Puerto Rico have become a major concern.

Puerto Rico is $72 billion in debt due primarily to bad tax policy. The island is also unable to file for bankruptcy because its government was not given the right to allow its entities to go through Chapter 9 when the federal bankruptcy act was written.

Mintz Levin’s Bankruptcy and Public Finance practices have been covering the recent legislative developments in Puerto Rico.

The First Circuit's recent opinion on the Puerto Rico Oversight, Management, and Economic Stability Act outlines initial guidelines for possible future actions against the Puerto Rican government...

At the end of "The Candidate", Robert Redford’s title character, having won, famously asks, "What do we do now?"

On September 27, 2019, three years after Congress passed PROMESA and two years after the most severe Hurricane in more than 100 years devastated Puerto Rico

Manufacturers encounter financing statements in many contexts – as a borrower, as a supplier of goods sold on credit ...

Franklin Funds and Oppenheimer Rochester Funds filed a second amended complaint challenging the constitutionality and validity of Puerto Rico's so-called Recovery Act.

Puerto Rico's Governor Alejandro Garcia Padilla introduced debt restructuring legislation which, upon enactment, would provide a judicial debt relief process.

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's hospital industry faces unprecedented financial pressures from Medicaid funding cuts, payment delays, and operational challenges that threaten the sustainability of healthcare facilities across the island.

The Commonwealth of Puerto Rico's efforts to deal with more than $70 billion in debt have been a magnet for media scrutiny during the last two years.

Over the last several decades, a multitude of factors contributed to the steep economic downturn of the Commonwealth of Puerto Rico, including a contracting economy, population decline, and changes in tax status and ...