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prima:Judge Swain grants another 30 days to reach an understanding on PREPA debt

FOMB and creditors continue negotiations as judge sets date to determine whether to appoint trustee

September 6, 2024 - 5:27 PM

Archival note
This content was published more than 4 months ago.
The Fiscal Oversight Board and the creditors of the Puerto Rico Electric Power Authority (PREPA) will have until October 8 to reach an agreement that will put an end to the bankruptcy of the public corporation. (Archivo)

Just as the end of the moratorium in the bankruptcy process of the Puerto Rico Electric Power Authority (PREPA) was approaching, U.S. District Judge Laura Taylor Swain approved Thursday a 30-day extension to the mediation process aimed at restructuring the finances of the public corporation.

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