Puerto Rico Restructuring Plan Gets Long-Awaited Court OK

By Rick Archer (January 18, 2022, 5:46 PM EST) -- The federal judge overseeing Puerto Rico's bankruptcy case approved the proposed fiscal adjustment plan for the island's government Tuesday, after nearly four years in court.

U.S. District Court Judge Laura Taylor Swain approved the plan put forward by the Financial Oversight and Management Board, saying it did not violate either the 2016 Puerto Rico Oversight, Management, and Economic Stability Act or the U.S. Constitution.

Puerto Rico, weakened by nearly a decade of recession and $70 billion in debt, sought a form of bankruptcy protection and court-supervised restructuring in May 2017. The commonwealth took the step under Title III of PROMESA a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!