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A blow to government contractors and suppliers

If Judge Laura Taylor Swain endorses the adjusment plan proposed by the Board, thousands of companies could lose millions of dollars for services rendered that have not yet been paid for yet

15 de octubre de 2019 - 11:34 PM

Archival note
This content was published more than 5 years ago.
According to the PAO, the government would only pay about 1.8 cents on every dollar owed on general unsecured debts. (GFR Media)
According to the PAO, the government would only pay about 1.8 cents on every dollar owed on general unsecured debts. (GFR Media)

If U.S. District Judge Laura Taylor Swain approves - without changes – the Oversight Board´s plan of adjustment (POA), thousands of businesses and nonprofit organizations in Puerto Rico could lose hundreds of millions of dollars for work done or products sold to the government that have not yet been paid for yet.

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