All posts tagged bankruptcy

Nonprofits ‘worried’ about bankruptcy under PROMESA
May 15, 2017, No Comments

The reorganization process of Puerto Rico’s public finances has a direct impact on local nonprofit organizations, espe ...

Reactions abound over govt’s Title III restructuring filing
May 4, 2017, No Comments

Local and stateside creditors and credit ratings agencies did not reach a true consensus over the government's decision ...

Payless ShoeSource closing 12 stores in PR; 389 in total
April 14, 2017, 1 Comment

Payless ShoeSource is closing 389 underperforming stores in the United States — including 12 in Puerto Rico — provid ...

Report: Puerto Rico’s bankruptcy filings drop 2% in ’16
January 26, 2017, No Comments

The number of bankruptcy cases filed in Puerto Rico during 2016 dropped by 2 percent year-over-year, with a total of 10, ...

Puerto Rico bankruptcies drop 26% in November
December 2, 2016, No Comments

Bankruptcy filings dropped by 23 percent in November, when a total of 706 cases were filed, in comparison to the same mo ...

Vassallo Int’l Group in Ponce files for Ch. 11 bankruptcy
November 18, 2016, No Comments

Ponce-based Vassallo International Group, which manufactures, distributes and sells more than 6,000 different products f ...

Owners of Budatai restaurant file for Ch. 11 bankruptcy
November 3, 2016, No Comments

The owners of Asian fusion restaurant Budatai, headed by renown Chef Roberto Treviño, have filed for Chapter 11 bankrup ...

P.R. bankruptcies up 8.14% in Aug., fueled by Ch. 7 cases
September 6, 2016, No Comments

The number of bankruptcy cases filed in Puerto Rico was up 8.14 percent year-over-year in August, when 929 cases were fi ...

July ’16 bankruptcies drop 4.4% YOY in Puerto Rico
August 2, 2016, No Comments

Puerto Rico’s bankruptcy levels showed a 4.4 percent drop last month, when the total number of companies and individua ...

P.R. bankruptcies remain flat in June, up 5% so far in ’16
July 5, 2016, No Comments

Puerto Rico’s bankruptcy levels remained flat last month, when the total number of companies and individuals who turne ...