Puerto Rico Title III bankruptcy judge Laura Taylor Swain approved hiring Phoenix Management Services LLC as financial advisor for the mediation process between creditors in the island's record-setting debt restructuring.
In an order signed Monday, Swain said the Title III creditors must pay for Phoenix’s services retroactively to Aug. 4, when Phoenix was hired. The creditors participating in mediation requested last month that a financial advisor be hired.
Robert SlavinPuerto Rico Judge approves financial advisor for mediation
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