PREPA bondholders seek bankruptcy dismissal as step to appointing receiver
Bondholders want a quick resolution and they say the Oversight Board's approach would take two years.
Source: bondbuyer.com
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Bondholders want a quick resolution and they say the Oversight Board's approach would take two years.
The board says the law will reduce economic activity and government revenues.
The team now wants the option to continue discussions through September.
The judge said she'd consider requesting changes to the proposed plan of adjustment.
A court-ordered modification of the plan is more likely than outright rejection, sources say.