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prima:Swain warns the Board and sets deadline for PREPA’s restructuring process

The judge overseeing the island´s bankruptcy process requested an adjustment plan for next month, while the entity raises doubts about the repayment capacity and the validity of the utility’s bonds

November 3, 2022 - 10:31 AM

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This content was published more than 2 years ago.
La jueza Laura Taylor Swain.
Judge Laura Taylor Swain. (Archivo)

The Oversight Board was put on the spot Wednesday when Judge Laura Taylor Swain insisted that she expects a Plan of Adjustment (POA) for the Puerto Rico Electric Power Authority (PREPA) in less than a month and it was revealed that the entity has not resumed negotiations with the main creditors of the public utility, despite a court order to that effect.

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