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prima:Uncertainty surrounds PREPA bankruptcy after dismissals at the Fiscal Oversight Board

Donald Trump removed five members of the federal agency, including its chairman, amid pressure from bondholders demanding full payment of the debt

August 6, 2025 - 11:19 AM

These dismissals directly impact the restructuring process of the public corporation's bankruptcy, as the person in charge of the legal strategy was former bankruptcy judge Arthur González, who is now out of the negotiating table. (Carlos Rivera Giusti)

The dismissal of five of the seven members of the Fiscal Oversight Board (FOMB) puts any negotiations or progress in the debt restructuring process of the Puerto Rico Electric Power Authority (PREPA) on hold, which has been before the federal court for almost a decade.

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