The bankruptcy community needs a better definition of what’s an executory contract, and Prof. Jay Westbrook has it.

District court invalidates expenditures adopted by the Puerto Rico legislature that were not approved by the PROMESA Oversight Board.

The First Circuit shows no inclination to allow creditors to bust out of the PROMESA restructuring of Puerto Rico’s debt.

The city of San Juan unsuccessfully argued that the PROMESA Oversight Board has no fiscal control over municipalities in Puerto Rico.

Defining collateral by reference in a UCC-1 is held invalid in Puerto Rico’s bankruptcy.

PROMESA’s authority is in the Territories Clause of the Constitution, District Judge Swain says.

Judge refuses to issue declaratory judgments about Puerto Rico’s use of tax revenues.

The Dreier Ponzi scheme, like Madoff, makes law on claims of defrauded creditors.