Most of the increase stems from a rise in Chapter 7 and Chapter 13 filings. #NewsismyBusiness
Several sectors bore the brunt of Puerto Rico’s financial struggles in 2024. #NewsismyBusiness
San Juan, Ponce and Bayamón emerged as the cities with the most bankruptcies. #NewsismyBusiness
These are preliminary numbers for last month’s movements at the U.S. Bankruptcy Court, Boletín de Puerto Rico stated. #NewsismyBusiness
So far this year, 3,710 petitions have been filed at the U.S. Bankruptcy Court, representing a 33.9% jump when compared to the same period last year. #NewsismyBusiness
A report prepared by local firm Boletín de Puerto Rico shows that 455 cases were filed in February. #NewsismyBusiness
The U.S. Bankruptcy Court was busy during 2023, as there were 4,435 petitions submitted from January to December, or 16.4% more than the 3,810 cases filed in 2022. #NewsismyBusiness
So far this year, Puerto Rico individuals and corporations seeking protection from creditors have filed 3,397 cases in U.S. Bankruptcy Court, up 15.2% year-over-year. #NewsismyBusiness
A report released by research firm Boletín de Puerto Rico shows that there were 429 cases filed in October 2022. #NewsismyBusiness
A report released by research firm Boletín de Puerto Rico shows that there were 285 cases filed in September 2022. #NewsismyBusiness
So far this year, corporate filings under Chapter 11 more than doubled to 15. #NewsismyBusiness
The report shows that 62%, or 597 of the accrued filings, fall under the Chapter 13 category.
Last month, a total of 295 cases were filed at the US Bankruptcy Court, compared to 374 cases on record for February 2021.
A total of 496 bankruptcy cases were at the U.S. Bankruptcy Court in Puerto Rico during the month of January, representing a 2.3% drop from the same month last year, according to statistics released by analyst firm Boletín de Puerto Rico. The report shows that Chapter 13 personal reorganization cases prevailed, with 303 cases on […]
The report showed increased activity in three of the four categories, with a marked jump in Chapter 11 cases.
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