All posts tagged bankruptcy

Owner of Wind Chimes Inn, Acacia Inn, Blue Horizon files for bankruptcy
May 24, 2018, No Comments

Two boutique hotels in San Juan and a third in Vieques have been included in separate Chapter 11 bankruptcy petitions fi ...

P.R. credit unions file ‘adversary proceeding’ in P.R. bankruptcy case
March 23, 2018, No Comments

A group of Puerto Rico credit unions filed an "adversary proceeding" before Judge Laura Taylor Swain, who presides over ...

Gov’t: EDB sold its stake in Seaborne prior to bankruptcy filing
January 11, 2018, No Comments

The Puerto Rico Economic Development Bank confirmed Wednesday the government entity will not be harmed by Seaborne Airli ...

Girard Manufacturing files for Ch. 11, cites $3.8M in debt
August 31, 2017, No Comments

Girard Manufacturing, a wood office furniture store based in Canóvanas, has filed for Chapter 11 protection at the U.S. ...

U.S. gov’t to decide by Oct. 6 if it will defend PROMESA
August 17, 2017, 1 Comment

The United States government will notify the Financial Oversight and Management Board by Oct. 6 if it will defend the co ...

Rosa Mexicano operator files Ch. 11, citing $3.6M in debt
August 10, 2017, No Comments

Ocean Front Hospitality Group, owner of the Rosa Mexicano franchise in Puerto Rico, has filed for Chapter 11 bankruptcy ...

Doctors, restaurants lead Jan.-June bankruptcy petitions
July 24, 2017, No Comments

During the first six months of the year, 17 medical doctors filed for bankruptcy protection, reporting more than $23.5 m ...

Op-Ed: PR in for ‘rude awakening’ opting for bankruptcy
July 6, 2017, 1 Comment

If Puerto Rico thinks bankruptcy is a better solution, they have a rude awakening coming. One should look no further tha ...

The silent expansion of Fiscal Control Boards in the U.S.
June 1, 2017, No Comments

Regardless of their size, the number of residents, or the fiscal problems they have, U.S. cities under fiscal control bo ...

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 ...