Puerto Rico sales tax creditors want to depose buy canada goose jacket cheap officials over ‘conflicts’
territory manages its bond payments. municipal history canada goose store with $70 billion in bond debt and another $49 billion cheap Canada Goose in canada goose black friday sale pension liabilities, several creditor groups are litigating feverishly over who gets paid Canada my website Goose online first.
A source familiar with the COFINA creditors thinking said the group wants Canada Goose Jackets to depose Puerto Rico Governor Ricardo Rossello, one of his key advisers Elias Sanchez, and AAFAF director, Gerardo Portela.
A spokesman for the COFINA bondholder group declined to Canada Goose Coats On Sale comment. Sanchez, Portela and a spokeswoman for Rossello could not be reached for comment.
The decision on the scope of depositions will ultimately fall to Judge Laura Taylor Swain, who oversees Puerto Rico massive bankruptcy.
Thursday filing was part of a Canada Goose Online legal dispute between senior and canada goose clearance sale junior COFINA creditors over a $16 million interest payment arconserve due on June 1.
Court papers filed by the senior canada goose replica creditor group, which includes Cyrus Capital Partners and Tilden Park Capital Management, said AAFAF from irreconcilable conflicts canada goose coats on sale of interest because it acts on behalf of both COFINA and Puerto Rico central government separate debt canadian goose jacket issuers whose creditors are fighting over the same money.
COFINA $17 billion in bonds are backed by sales tax revenue. But holders of the central government $18 billion in general obligation canada goose deals (GO) bonds, including Aurelius Capital Management and Monarch canada goose clearance Alternative Capital, argue their constitutionally guaranteed canada goose coats debt puts Canada Goose sale them first in line for that revenue.
The senior COFINA Canada Goose Parka holders claim AAFAF canada goose outlet toronto factory has made overtures suggesting it supports raiding COFINA coffers to benefit GO holders. Creditors should be allowed to depose officials to determine ownership interest AAFAF has in the disputed canada goose funds, they argued.
Recoveries for COFINA creditors Canada Goose Outlet will hinge on their ability to establish COFINA buy canada goose jacket as separate from the 2018 canada goose outlet government and thus inaccessible to government creditors. Showing AAFAF is acting in the government best interest, but not canada goose outlet store locations COFINA could support that strategy.