In light of the scheduled payment due Monday for Puerto Rico, which owes almost millions in debt from its investors, the island is paying out nearly $1 billion, a part of its debt that they previously announced as default since August.

Reports revealed that Puerto Rico finally started paying a part of its debt amounting to nearly $1 billion of its constitutionally protected debt but leaving behind the rest of $35.9 million from the interest to the Puerto Rico Infrastructure Financing Authority (PRIFA) and $1.4 million on Public Finance Corp. bonds, Fox News Latino reports.

The long-standing debt and the inability of Puerto Rico to pay it out brought much light to the island and had many speculating the possibility that it might face legal disputes including action from the U.S. Congress.

"Puerto Rico opted for a default that would send a message about the need for Chapter 9 and the potential for a humanitarian crisis on the island without triggering a wave of litigation," Mark Palmer, managing director at BTIG LLC, who analyzes Puerto Rico and municipal bond insurers wrote on Monday as quoted by Bloomberg.

The island further rallied their general obligation as Puerto Rico Gov. Alejandro Garcia Padilla previously said that the island would default on $37 million of the almost $1 billion in bond payments, which was due last Jan. 1.

Gov. Padilla also revealed that their action would be to divert revenue to make others to be able to pay almost $1 billion of their debts but still leaving their population weak as it remains to be in recession because of the island's financial crisis.

However, the companies, including Ambac Financial Group Inc. and Financial Guaranty Insurance Co., which with a combined demand of $860 million of PRIFA bonds to Puerto Rico, opposed the actions of the governor in redirecting the rum taxes that back the debt and said that it violates the U.S. and Puerto Rico constitutions and the "pattern of activity is unacceptable," Wall Street Journal reports.

Furthermore, the current crisis in Puerto Rico has also urged the U.S. Congress under the Obama administration and congressional Democrats to seek legislation that would allow Puerto Rico to restructure its debt. They have also proposed bills to temporarily stay lawsuits against the commonwealth, the publication reports.

The Puerto Rico debt also gained several conflicting opinions including House Speaker Paul Ryan who initiated to call on the relevant committees to find a "responsible solution" for the Puerto Rican financial crisis while others oppose the legislation insisting that it won't solve the problem, the news agency revealed.