To impose requirements on the payment of compensation to professional persons employed in voluntary cases commenced under title III of the Puerto Rico Oversight Management and Economic Stability Act (commonly known as "PROMESA").
Puerto Rico Recovery Accuracy in Disclosures Act of 2018 or PRRADA This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with the debtor, creditors, and other interested parties before seeking compensation for their services.
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Timeline
Introduced in House
Referred to the House Committee on the Judiciary.
Introduced in House
Referred to the House Committee on the Judiciary.
Law
BankruptcyCaribbean areaDebt collectionGovernment ethics and transparency, public corruptionLawyers and legal servicesLegal fees and court costsPuerto RicoU.S. territories and protectorates
To impose requirements on the payment of compensation to professional persons employed in voluntary cases commenced under title III of the Puerto Rico Oversight Management and Economic Stability Act (commonly known as "PROMESA").
USA115th CongressHR-7355| House
| Updated: 12/19/2018
Puerto Rico Recovery Accuracy in Disclosures Act of 2018 or PRRADA This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with the debtor, creditors, and other interested parties before seeking compensation for their services.
BankruptcyCaribbean areaDebt collectionGovernment ethics and transparency, public corruptionLawyers and legal servicesLegal fees and court costsPuerto RicoU.S. territories and protectorates