July 06, 2026
Dish Network filed for Chapter 11 with $14 billion in debt after a delayed asset sale disrupted debt repayment, Spirit Airlines advanced a $630 million stalking horse bid for 27 aircraft, while Puerto Rico's oversight board proposed a $3 billion bankruptcy settlement. A Texas judge approved the $40 million sale of a Texas A&M-affiliated data center and allowed Camp Mystic to pay employee wages.
June 30, 2026
Puerto Rico's Financial Oversight and Management Board pitched a $3 billion settlement package to bondholders of the Puerto Rico Electric Power Authority, with an eye to finishing the power authority's bankruptcy, according to a news release Tuesday.
October 07, 2025
A group of Puerto Rico Electric Power Authority bondholders Tuesday informed a bankruptcy judge that they were following through on a promise to exit a restructuring agreement and join other bondholders in supporting an alternative bankruptcy plan for PREPA.
August 26, 2025
A group of Puerto Rican electric utility bondholders have told a New York federal judge they will pull out of a three-year-old deal to support the utility's proposed restructuring plan if it is not confirmed by October.
August 22, 2025
President Donald Trump's dismissal of nearly the entire board overseeing Puerto Rico's debt restructuring may result in a body that is more friendly to the island's electric utility bondholders, but their hopes for full payment will likely remain out of reach, experts told Law360
July 28, 2025
A New York federal judge ruled that bondholders of Puerto Rico's public electric utility cannot pursue claims against the commonwealth's government. Tilson Technology sued joint venture Gigapower in Texas, claiming a breached contract on major infrastructure work led to its bankruptcy. FTX agreed to drop six Delaware lawsuits seeking to recover $28.75 million in political donations, most of which went to Republican-aligned groups.
July 23, 2025
The electric utility for Puerto Rico on Wednesday defended itself in New York bankruptcy court from allegations that it had improperly spent its revenues, which the bondholders claim as collateral for $8.5 billion worth of bonds.
April 14, 2025
A Texas district court, not a bankruptcy court, will oversee the U.S. trustee's efforts to claw back millions in legal fees paid to Jackson Walker over an undisclosed relationship between an attorney and bankruptcy judge; out-of-court debt deals eclipsed Chapter 11s by a 4-to-1 ratio last year; and drug manufacturer Purdue Pharma can begin processing claims ahead of a Chapter 11 confirmation hearing. This is the week in bankruptcy.
April 09, 2025
Bondholders of the Puerto Rico Electric Power Authority requested permission from a Puerto Rico bankruptcy judge to file a financial report revealing that the bankrupt utility failed to transfer $2.9 billion over six years into a trust account designated for debt repayment.
February 28, 2025
The licensing arm of Universal Studios objected to a Party City asset sale, bondholders urged a judge to lift a stay on outside litigation in the Puerto Rico Electric Power Authority's restructuring case, and a satellite service provider asked a court to dismiss an adversary suit brought by debtor Ligado Networks. These are some of the bankruptcy stories you may have missed in the last week.