PREPA bondholders ask appeals court to revive challenge to decade-long bankruptcy stay

U.S. District Judge Laura Taylor Swain By THE STAR STAFF For the fifth time over the past few years, a coalition of Puerto Rico Electric Power Authority (PREPA) bondholders has asked the U.S. Court of Appeals for the First Circuit to hear its appeal of a lower court order that has prevented creditors from pursuing relief from PREPA’s bankruptcy protections for years, arguing that the delay is allowing their collateral to be steadily depleted without compensation. In a filing submitted last...