Rochelle's Daily Wire

The logical court to challenge the constitutionality of PROMESA isn’t the PROMESA court itself.

Even if a debtor has committed fraud, at least three creditors still must join an involuntary petition if the debtor has 12 or more creditors.

First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.

First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.

First Circuit finds no exceptions to the automatic stay under PROMESA subjecting Puerto Rico to ‘ordinary course’ litigation.