Case Background

The Commonwealth of Puerto Rico and other related entities have filed petitions for relief under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act ("PROMESA").  These cases are pending in the United States District Court for the District of Puerto Rico, however, for administrative purposes, these cases are being maintained on the Case Management/Electronic Case Files system of the United States Bankruptcy Court for the District of Puerto Rico under lead Case Number 17-03283.  Click on the "Debtors" section at the bottom of this page to view the full list of Debtor entities, case numbers and petition dates.

Notice of Commencement of Cases Under Title III of Promesa, Entry of Order for Relief and Related Matters

Important Information Regarding Your Rights and Obligations as a Potential Creditor of a Title III Debtor

---

La Commonwealth de Puerto Rico y otras entidades relacionadas han presentado peticiones de reparación bajo el Título III de la Ley de Supervisión, Administración y Estabilidad Económica de Puerto Rico ("PROMESA"). Estos casos están pendientes en el Tribunal de Distrito de los Estados Unidos para el Distrito de Puerto Rico, sin embargo, con fines administrativos, los registros públicos para estos casos se mantienen en el Sistema de Gestión de Casos / Expedientes Electrónicos del Tribunal de Bancarrota de los Estados Unidos para el Distrito De Puerto Rico bajo el caso principal numero 17-03283. Haga clic en la sección "Debtors" en la parte inferior de esta página para ver la lista completa de entidades deudoras, números de casos y fechas de la petición.

Notificación de Comienzo de Procesos Bajo el Título III de Promesa, Emisión de Orden Concediendo Remedios y Otros Asuntos Relacionados

Información Importante Respecto a Sus Derechos y Obligaciones como Potencial Acreedor de un Deudor Bajo Título III

Important Information & Dates

Title III of PROMESA provides a means for a covered territory (such as the Commonwealth) that has encountered financial difficulty to work with its creditors to adjust its debts.  To that end, certain sections of the United States Bankruptcy Code, 11 U.S.C. § 101 et seq., are incorporated and made applicable to cases under title III of PROMESA.  During the Title III Case, the Commonwealth will remain in possession and control of its property, and will continue to maintain its functions and provide services for the benefit of the citizens of Puerto Rico.  The Commonwealth intends to propose a plan for the adjustment of the Commonwealth’s debts (although such intention should not preclude efforts to implement consensual debt restructurings if possible and practicable).  Notice concerning any such plan will be provided pursuant to the form and manner of notice ordered by the Court.

General FAQs about the Commonwealth of Puerto Rico's Title III Cases

---

El Título III de la Ley PROMESA proporciona un medio para un territorio cubierto (como la Commonwealth) que ha encontrado dificultad financiera para trabajar con sus acreedores con el fin de ajustar sus deudas.  Con esa finalidad, ciertas secciones del Código de Quiebra de los Estados Unidos se incorporan y se vuelven aplicables a casos en virtud del Título III de la ley PROMESA.  Durante el caso del Título III, la Commonwealth permanecerá en posesión y control de su propiedad, y continuará manteniendo sus funciones y proporcionando servicios para el beneficio de los ciudadanos de Puerto Rico.  La Commonwealth intenta proponer un plan para el ajuste de las deudas de la Commonwealth (si bien esa intención no debería excluir los esfuerzos para implementar reestructuraciones de deudas consensuadas si fuera posible y práctico).  Se proporcionará notificación concerniente a cualquiera de dichos planes en el formato y en la manera en que se cursan avisos por parte del Tribunal.

Preguntas frecuentes generals sobre los Casos tramitados al amparo del Título III del Commonwealth de Puerto Rico 

Dates

October
25

Omnibus Hearing

10:00 a.m. (AST)
November
15

Omnibus Hearing Date

9:30 a.m. (AST)
December
20

Omnibus Hearing Date

9:30 a.m. (AST)
May
3
_______________

Petition Date

May
17
9:30 a.m. (AST)
June
28
9:30 a.m. (AST)
August
9
9:30 a.m. (AST)

Omnibus Hearing Date

October
4
9:30 a.m. (AST)

Omnibus Hearing Date

November
15
9:30 a.m. (AST)

Omnibus Hearing Date

December
20
9:30 a.m. (AST)

Omnibus Hearing Date

Adversary Proceeding Cases

Please click below to view the dockets of pending adversary proceeding cases: 

Adv. Proc. No. 17-00125, Assured Guaranty Corp., et al. v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00133, Bank of New York Mellon v. COFINA, et al.

Adv. Proc. No. 17-00136, Bhatia-Gautier v. Rosello Nevares & Commonwealth of Puerto Rico

Adv. Proc. No. 17-00137, Lopez Leon v. Rosello-Nevares, et al.

Adv. Proc. No. 17-00143, Whitebox Multi-Strat. Partners, L.P., et al. v. Bank of New York Mellon

Adv. Proc. No. 17-00145, Bank of New York Mellon v. Employees Ret. Sys., et al.

Adv. Proc. No. 17-00151, Peaje Investment, LLC v. Puerto Rico Highways & Trans. Authority, et al.

Adv. Proc. No. 17-00152, Peaje Investment, LLC v. Puerto Rico Highways & Trans. Authority, et al.

Adv. Proc. No. 17-00155, Assured Guaranty Corp., et al.v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00156, Assured Guaranty Corp., et al.v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00159, Ambac Assurance Corp. v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00167, Centro de Periodismo Investigativo Inc. v. Rosello Nevares & Office of the Governor

Adv. Proc. No. 17-00189, ACP Master LTD., et al. v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00197, Asociacion de Profesoras y Profesores del Recinto v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00213, Employees Ret. Sys. of the Gov't of the Commonwealth of Puerto Rico v. Altair Global Credit Opportunities Fund (A), LLC, et al.

Adv. Proc. No. 17-00216, Voya Institutional Trust Co. v. Univ. of Puerto Rico, et al.

Adv. Proc. No. 17-00217, University of Puerto Rico v. Voya Institutional Trust Co.

Adv. Proc. No. 17-00218, Puerto Rico Elec. Power Auth. v. Vitol S.A., et al.

Adv. Proc. No. 17-00219, Altair Global Credit Opportunities Fund (A), LLC, et al. v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00220, Altair Global Credit Opportunities Fund (A), LLC, et al. v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00221, Puerto Rico Elec. Power Auth. v. Vitol S.A., et al.

Adv. Proc. No. 17-00227, Asociacion de Salud Primaria de Puerto Rico, et al. v. Commonwealth of Puerto Rico, et al.

Adv. Proc. No. 17-00228, UTIER v. Puerto Rico Elec. Power Auth., et al.

Adv. Proc. No. 17-00229, UTIER v. Puerto Rico Elec. Power Auth., et al.

Adv. Proc. No. 17-00232, Assured Guaranty Corp., et al. v. Puerto Rico Elec. & Power Auth., et al.

Adv. Proc. No. 17-00242, American Fed'n of State, County, & Mun. Employees v. Fin. Oversight & Mgmt. Bd. for Puerto Rico

Adv. Proc. No. 17-00243, American Fed'n of State, County, & Mun. Employees v. Fin. Oversight & Mgmt. Bd. for Puerto Rico

Adv. Proc. No. 17-00250, Fin. Oversight & Mgmt. Bd. for Puerto Rico v. Rosello-Nevares

Adv. Proc. No. 17-00256, Puerto Rico Elec. Power Auth., et al. v. Puerto Rico Energy Comm'n

Adv. Proc. No. 17-00257, Official Committee of Unsecured Creditors v. Whyte

 

Parties

Counsel to the Oversight Board

Proskauer Rose LLP

Eleven Times Square
New York, NY   10036
http://www.proskauer.com/
Phone: 212.969.3000
Fax: 212.969.2900
Martin J. Bienenstock, Esq.
Paul V. Possinger, Esq,

O’Neill & Borges LLC

250 Munoz Rivera Ave., Suite 800
San Juan, PR   00918-1813
http://www.oneillborges.com/
Phone: 787.764.8181
Fax: 787.753.8944
Hermann Bauer, Esq.

Counsel to the Puerto Rico Fiscal Agency

O'Melveny & Myers LLP

7 Times Square
New York, NY   10036
https://www.omm.com
Phone: 212.326.2000
Fax: 212.326.2061
John J. Rapisardi, Esq.
Suzzanne Uhland, Esq.
Peter Friedman, Esq.

Law Offices of Andrés W. López, Esq.

902 Fernández Juncos Ave.
San Juan, PR   00907
Andrés W. López, Esq.

Counsel to the Official Committee of Retirees

Jenner & Block LLP

919 Third Ave
New York, NY   10022
https://jenner.com/
Phone: 212.891.1600
Fax: 212.891.1699
Robert Gordon
Richard Levin
Catherine Steege

Counsel to the Unsecured Creditors Committee

Paul Hastings LLP

200 Park Avenue
New York, NY   10166
https://www.paulhastings.com/
Phone: 212.318.6391
Fax: 212.319.4090

United States Trustee and Court Information

United States District Court

District of Puerto Rico
150 Carlos Chardon Street
San Juan, PR   00918-1767
http://www.prd.uscourts.gov/

U.S. Trustee's Office

Edificio Ochoa
500 Tanca Street Suite 301
San Juan, PR   00901-1922
https://www.justice.gov/ust-regions-r21
Phone: 787.729.7444
Fax: 787.729.7449
Guy G. Gebhardt
Maria D. Giannirakis
Monsita Lecaroz Arribas

Debtors

Case Number
Debtor Name
Petition Date
17-03283 Commonwealth of Puerto Rico May 03, 2017
17-03284 Puerto Rico Sales Tax Financing Corporation (COFINA) May 05, 2017
17-03567 Puerto Rico Highways and Transportation Authority May 21, 2017
17-03566 Employees Retirement System of the Government of the Commonwealth of Puerto Rico May 21, 2017
17-04780 Puerto Rico Electric Power Authority July 02, 2017