Presentment Date: May 31, 2017

Objection Date: May 29, 2017 at 5:00 p.m. (AST).

UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

-------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

NOTICE OF PRESENTMENT OF 

ORDER (A) FIXING DATES TO FILE CREDITOR MATRIX AND LIST OF 

CREDITORS AND (B) WAIVING LOCAL BANKRUPTCY RULE 1007-1 TO 

THE EXTENT SUCH RULE IS APPLICABLE TO THESE TITLE III CASES

PLEASE TAKE NOTICE that upon the Motion of Debtors for Entry of Order 

(A) Fixing the Dates to File Creditor Matrix and List of Creditors and (B) Waiving Local 

Bankruptcy Rule 1007-1 to the Extent Such Rule is Applicable to these Title III Cases 

[Docket No. 44] (the “Motion”);2 the Debtors, by and through the Financial Oversight 

and Management Board for Puerto Rico, as the Debtors’ representative pursuant to 

section 315(b) of the Puerto Rico Oversight, Management, and Economic Stability Act 

(“PROMESA”),3 will present the proposed order, attached as Exhibit A (the “Amended 

 1 The Debtors in these Title III Cases, along with each Debtor’s respective bankruptcy 

case number and the last four (4) digits of each Debtor’s federal tax identification 

number, as applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 

17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); and (ii) Puerto Rico 

Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284) 

(Last Four Digits of Federal Tax ID: 8474).

2 Capitalized terms not otherwise defined herein shall have the meanings given to them in 

the Motion.

3

 PROMESA is codified at 48 U.S.C. §§ 2101-2241.

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Proposed Order”), to the Honorable Laura Taylor Swain, United States District Judge, 

sitting in the United States District Court for the District of Puerto Rico, Courtroom 3 of 

the United States District Court for the District of Puerto Rico, U.S. Courthouse, 150 

Chardón Avenue, San Juan, P.R. 00918-7095 for signature on May 31, 2017.

PLEASE TAKE FURTHER NOTICE that a redline comparing the Amended 

Proposed Order against the previous proposed order is attached hereto as Exhibit B.

PLEASE TAKE FURTHER NOTICE that unless a written objection to the 

Amended Proposed Order (“Objection”) is filed with the Court no later than 5:00 p.m. 

(AST) on May 29, 2017, no hearing will be held and the Amended Proposed Order may 

be signed.

PLEASE TAKE FURTHER NOTICE that copies of the Motion, the Amended 

Proposed Order, and all documents filed in these title III cases are available (a) free of 

charge by visiting https://cases.primeclerk.com/puertorico or by calling +1 (844) 822-

9231, and (b) on the Court’s website at http://www.prd.uscourts.gov, subject to the 

procedures and fees set forth therein.

Dated: May 26, 2017

San Juan, Puerto Rico

/s/ Martin J. Bienenstock

Martin J. Bienenstock (pro hac vice)

Paul V. Possinger (pro hac vice)

Ehud Barak (pro hac vice)

Maja Zerjal (pro hac vice)

PROSKAUER ROSE LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Attorneys for the Financial Oversight and 

Management Board as representative for the 

Debtors

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/s/ Hermann D. Bauer

Hermann D. Bauer

USDC No. 215205

O’NEILL & BORGES LLC

250 Muñoz Rivera Ave., Suite 800

San Juan, PR 00918-1813

Tel: (787) 764-8181

Fax: (787) 753-8944

Co-Attorneys for the Financial Oversight and 

Management Board as representative for the 

Debtors

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Exhibit A

Proposed Order

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UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

-------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

ORDER (A) FIXING DATES TO FILE CREDITOR MATRIX AND LIST OF 

CREDITORS AND (B) WAIVING LOCAL BANKRUPTCY RULE 1007-1

TO THE EXTENT SUCH RULE IS APPLICABLE TO THESE TITLE III CASES

Upon the Motion of Debtors for Entry of Order (A) Fixing the Dates to File Creditor 

Matrix and List of Creditors and (B) Waiving Local Bankruptcy Rule 1007-1 to the Extent Such 

Rule is Applicable to these Title III Cases (the “Motion”);

2 and the Court having found it has 

subject matter jurisdiction over this matter pursuant to PROMESA section 306(a); and it 

appearing that venue in this district is proper pursuant to PROMESA section 307(a); and the 

Court having found that the relief requested in the Motion is in the best interests of the Debtors, 

their creditors, and other parties in interest; and the Court having found that the Debtors provided 

adequate and appropriate notice of the Motion under the circumstances and that no other or 

further notice is required; and the Court having reviewed the Motion and having heard the 

statements of counsel in support of the Motion at a hearing held before the Court (the 

 1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number

listed as a bankruptcy case number due to software limitations and the last four (4) digits of 

each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of 

Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 

3481); and (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case 

No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474).

2 Capitalized terms not otherwise defined herein shall have the meanings given to them in the 

Motion.

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2

“Hearing”); and the Court having determined that the legal and factual bases set forth in the 

Motion and at the Hearing establish just cause for the relief granted herein; and any objections to 

the relief requested herein having been withdrawn or overruled on the merits; and upon the 

record herein, after due deliberation thereon, the Court having found that good and sufficient 

cause exists for the granting of the relief set forth herein,

THEREFORE, IT IS HEREBY ORDERED THAT:

1. The Motion is granted as set forth herein.

2. On or before June 30, 2017, the Debtors shall file the Creditor Matrix pursuant to 

Bankruptcy Rule 1007(a), made applicable to these Title III Cases by PROMESA section 310. 

Upon the filing of the Creditor Matrix, the Debtors shall be deemed to have satisfied any 

applicable requirements under Bankruptcy Rule 1007(a).

3. On or before August 30, 2017, the Debtors shall file the Creditor List pursuant to 

Bankruptcy Code section 924, made applicable to these Title III Cases by PROMESA section 

301(a). Upon the filing of the Creditor List, the Debtors shall be deemed to have satisfied all 

requirements under Bankruptcy Code section 924.

4. The relief granted herein is without prejudice to the Debtors’ right to seek further 

extensions of time to file the Creditor Matrix and Creditor List, to file a motion to modify the 

contents of the Creditor Matrix and Creditor List, or to amend the Creditor Matrix and Creditor 

List during these Title III Cases. 

5. The filing and noticing requirements of Local Bankruptcy Rule 1007-1, to the 

extent such rule is applicable to these Title III Cases, are waived for these Title III Cases.

6. Nothing herein is intended to, shall constitute, or shall be deemed to constitute the 

Oversight Board’s consent, pursuant to PROMESA section 305, to this Court’s interference with 

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3

(a) any of the political or governmental powers of the Debtors, (b) any of the property or 

revenues of the Debtors, or (c) the use or enjoyment of the Debtors of any income-producing 

property.

7. Notwithstanding the applicability of any Bankruptcy Rule, the terms and 

conditions of this order shall be immediately effective and enforceable upon its entry.

8. The Debtors and the Oversight Board, as the Debtors’ representative, are

authorized to take all actions, and to execute all documents, necessary or appropriate, to 

effectuate the relief granted in this order in accordance with the Motion.

9. This Court shall retain exclusive jurisdiction to hear and determine any and all 

disputes related to or arising from the implementation, interpretation, and enforcement of this 

order.

Dated: May , 2017

San Juan, Puerto Rico Honorable Laura Taylor Swain

United States District Judge

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Exhibit B

Redline of Amended Proposed Order

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UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

-------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

ORDER (A) FIXING DATES TO FILE CREDITOR MATRIX AND LIST OF

CREDITORS AND (B) WAIVING LOCAL BANKRUPTCY RULE 1007-1

TO THE EXTENT SUCH RULE IS APPLICABLE TO THESE TITLE III CASES

Upon the Motion of Debtors for Entry of Order (A) Fixing the Dates to File Creditor

Matrix and List of Creditors and (B) Waiving Local Bankruptcy Rule 1007-1 to the Extent Such

Rule is Applicable to these Title III Cases (the “Motion”);2 and the Court having found it has

subject matter jurisdiction over this matter pursuant to PROMESA section 306(a); and it

appearing that venue in this district is proper pursuant to PROMESA section 307(a); and the

Court having found that the relief requested in the Motion is in the best interests of the Debtors,

their creditors, and other parties in interest; and the Court having found that the Debtors

provided adequate and appropriate notice of the Motion under the circumstances and that no

other or further notice is required; and the Court having reviewed the Motion and having heard

the statements of counsel in support of the Motion at a hearing held before the Court (the

“Hearing”); and the Court having determined that the legal and factual bases set forth in the

1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number 

listed as a bankruptcy case number due to software limitations and the last four (4) digits of 

each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of 

Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 

3481); and (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case 

No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474).

2

 Capitalized terms not otherwise defined herein shall have the meanings given to them in the 

Motion.

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Motion and at the Hearing establish just cause for the relief granted herein; and any objections to

the relief requested herein having been withdrawn or overruled on the merits; and upon the

record herein, after due deliberation thereon, the Court having found that good and sufficient

cause exists for the granting of the relief set forth herein,

THEREFORE, IT IS HEREBY ORDERED THAT:

1. The Motion is granted as set forth herein.

2. On or before June 30, 2017, the Debtors shall file the Creditor Matrix pursuant to

Bankruptcy Rule 1007(a), made applicable to these Title III Cases by PROMESA section 310.

Upon the filing of the Creditor Matrix, the Debtors shall be deemed to have satisfied any

applicable requirements under Bankruptcy Rule 1007(a).

3. On or before August 30, 2017, the Debtors shall file the Creditor List pursuant to

Bankruptcy Code section 924, made applicable to these Title III Cases by PROMESA section

301(a). Upon the filing of the Creditor List, the Debtors shall be deemed to have satisfied all

requirements under Bankruptcy Code section 924.

4. The relief granted herein is without prejudice to the Debtors’ right to seek further

extensions of time to file the Creditor Matrix and Creditor List, to file a motion to modify the

contents of the Creditor Matrix and Creditor List, or to amend the Creditor Matrix and Creditor

List during these Title III Cases.

5. The filing and noticing requirements of Local Bankruptcy Rule 1007-1, to the

extent such rule is applicable to these Title III Cases, are waived for these Title III Cases.

6. Nothing herein is intended to, shall constitute, or shall be deemed to constitute the

Oversight Board’s consent, pursuant to PROMESA section 305, to this Court’s interference with

(a) any of the political or governmental powers of the Debtors, (b) any of the property or

2

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revenues of the Debtors, or (c) the use or enjoyment of the Debtors of any income-producing

property.

7. Notwithstanding the applicability of any Bankruptcy Rule, the terms and

conditions of this order shall be immediately effective and enforceable upon its entry.

8. The Debtors and the Oversight Board, as the Debtors’ representative, are

authorized to take all actions, and to execute all documents, necessary or appropriate, to

effectuate the relief granted in this order in accordance with the Motion.

9. This Court shall retain exclusive jurisdiction to hear and determine any and all

disputes related to or arising from the implementation, interpretation, and enforcement of this

order.

Dated: May , 2017

San Juan, Puerto Rico Honorable Laura T.Taylor Swain

United States District Judge

3

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