Financial Oversight & Mgmt. Bd. for P.R., In re
Nov
13
2024
Ruling
Bondholders’ lien on Puerto Rico Electric Power Authority's special revenues was subordinate to the utility’s reasonable and necessary post-petition operating expenses. (1st Cir.)
Issue(s)
Post Petition Effect of Security Interest; Liens on Special Revenues.
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Court
:
( Judge Kayatta ) [ Circuit Court ]