Puerto Rico Public Corporation Debt Enforcement and Recovery Act

The Puerto Rico Public Corporation Debt Enforcement and Recovery Act provides a legal framework for managing and restructuring debts owed by Puerto Rico’s public corporations. It establishes a process similar to bankruptcy, allowing these entities to reorganize their finances, negotiate with creditors, and develop recovery plans to restore financial stability. The law aims to ensure transparency, fairness, and an orderly resolution of debt issues, helping public corporations avoid default and continue providing essential services to residents.