A long-awaited plan to restructure Puerto Rico’s core government debt will finally be filed in court later this month, an attorney for the bankrupt U.S. commonwealth’s federally created financial oversight board told a federal judge yesterday, Reuters reported. <b>Martin Bienenstock</b> said that the latest delay was due to political turmoil on the island that led to last month’s resignation of Governor Ricardo Rossello, who was eventually replaced by Wanda Vazquez. He said that while the board expected to file a plan in August, it held off because “it would have jammed” the new governor, who took office on Aug. 7. The board had signaled it could file a plan of adjustment covering roughly $13 billion of bonds and almost $50 billion of unfunded pension obligations as early as April, then set subsequent but vague deadlines in the following months.
