U.S. Ponders Whether to Defend Puerto Rico Bankruptcy Law

Puerto Rico bondholders shivered Wednesday after President Trump suggested the financial calamity spreading through the island could prompt some kind of debt forgiveness,featured

Hurricanes Add to COFINA Bondholders’ Woes

The destruction caused by Hurricane Maria last week to Puerto Rico could not come at a worse time for bondholders fighting for revenues from by the commonwealth’s sale and use tax that supportfeatured

Judge Hears COFINA Bonds Motion

Attorneys for senior COFINA bondholders urged a federal judge Friday to reject a plea by unsecured creditors to intervene in an interpleader motionfeatured

Lingering IP Dispute Could Delay Avaya Bankruptcy Exit

A federal bankruptcy judge indicated Wednesday that he is willing to allow discovery on a seven-year-old intellectual property dispute that could delay Avaya’s exit from bankruptcy. An attorney for SAE Power told Judge Stuart Bernstein thatfeatured

Boston Judge to Hear Creditors’ Arguments on Joining Key Puerto Rico Dispute

With additional reporting by Tyler Tulenko – A federal judge in Boston is scheduled to hear arguments September 15 over whether unsecured creditors of Puerto Rico can intervene in an adversary proceeding that will determine the dispositionfeatured

Judge Sets Ground Rules for Oncor Bankruptcy Trial

A federal bankruptcy judge Friday laid out the ground rules for an August 21 trial where he will hear the details of Berkshire Hathaway’s proposed acquisition of Oncor, the Texas electric utilityfeatured

Berkshire Willing to Walk Away from Energy Future Holdings

Warren Buffett’s Berkshire Hathaway is warning Paul Singer’s Elliott Management that Berkshire is prepared to walk away from its merger agreement with Energy Future Holdings shouldfeatured

Intervenor Sees Texas PUC Rejecting NextEra’s Request for Oncor Rehearing

NextEra Energy’s request for a rehearing over the Texas Public Utility Commission’s rejection of the Florida-based utility giant’s proposed $18.4 billion acquisition of Oncor Electric Deliveryfeatured

Oi Creditor Meeting Likely in March

Brazilian distressed telco Oi is expected to hold a meeting with its creditors in March 2017 to decide on the restructuring plan filed by the company last month, sources involved in the process told CTFN. “We estimate that the meeting with creditors will be held in March, approximately 180 working days after the court approval … Read Morefeatured

Oi Alternative Restructuring Plan Would Dilute Shareholders Below 50%

A group of debt-focused investors is going to propose to Oi an alternative plan for its reorganization after analyzing the plan submitted by the carrier on Monday, a lawyer involved in the matter told CTFN. Oi filed its reorganization plan September 5 with the 7th Corporate Court of the Judicial District of the State Capital … Read Morefeatured

X

Interested in a trial?

Simply fill out the form below and one of our representatives will be in touch.