The silent expansion of Fiscal Control Boards in the U.S.
June 1, 2017
Regardless of their size, the number of residents, or the fiscal problems they have, U.S. cities under fiscal control boards have faced a formula that consists primarily of the firing of public employees, pension cuts, ...
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Nonprofits ‘worried’ about bankruptcy under PROMESA
May 15, 2017
The reorganization process of Puerto Rico’s public finances has a direct impact on local nonprofit organizations, especially those to which the government owed money at the time the petition was filed in court earlier this ...
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Reactions abound over govt’s Title III restructuring filing
May 4, 2017
Local and stateside creditors and credit ratings agencies did not reach a true consensus over the government's decision and future effect of seeking the bankruptcy-like protection under Title III of PROMESA on Wednesday to restructure ...
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