Open Spaces report finds expenses significantly exceed initial estimates under the Puerto Rico Oversight, Management and Economic Stability Act. #NewsismyBusiness
The company, whose main line of business is mechanical/HVAC and electrical work, has provided services in Puerto Rico and the U.S. Virgin Islands. #NewsismyBusiness
Earlier this year, IEEFA identified New Fortress as one of the greatest threats to the growth of renewable energy in Puerto Rico. #NewsismyBusiness
The debt restructuring expert will delve into how the country’s financial issues parallel Puerto Rico’s. #NewsismyBusiness
The bankruptcy filed by Grupo HIMA under Chapter 11 for reorganization is around $500 million. While these debts grew, politicians or members of their families were hired by the company. #NewsisimyBusiness
Chapter 11 generally provides for reorganization, usually involving a corporation or partnership. #NewsismyBusiness
An Estudios Técnicos analysis predicts mergers and alliances as the sector sees fewer patients. #NewsIsMyBusiness
High energy costs threaten food security, jobs and businesses, according to a study commissioned by Supermercados Selectos. #NewsismyBusiness
So far this year, 2,376 petitions have been filed at the U.S. Bankruptcy Court. #NewsismyBusiness
If you are an individual or a company under financial duress, there are alternatives to reorganize your debt and get back on track. #Advertorial #NewsismyBusiness
In the bankruptcy filing, Cediprof lists some $28 million in assets.
Aircraft reconstruction firm Ecolift Corp. has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for Puerto Rico in San Juan, listing nearly $2.6 million in debt. In the filing, the company founded in 1998 and headquartered at the Isla Grande airport in San Juan, listed as its largest creditors legal firm Fox […]
The University of Puerto Rico Law School Trust announces the Symposium on Bankruptcy, an event aimed at both the practicing lawyer in the bankruptcy area, lawyers interested in the area and students. The virtual event will take place Sept. 29-30, starting at 9 a.m. through the Zoom platform. The event will feature the participation of […]
The U.S. Bankruptcy Court for the District of Puerto Rico received 1,718 petitions from January to May, when filings were down 18.3% in comparison to the same five-month period in 2020, according to information provided by local research firm Boletín de Puerto Rico. When broken down into categories, about 711 of those petitions were under […]
By Luis J. Valentín-OrtizCenter for Investigative Journalism It was the morning of Nov. 18 when federal Judge Laura Taylor Swain asked several times if anyone had come to the offices of Piloto 151 in Hato Rey to participate in the hearing. A dozen people with masks waited outside, but the official from the federal court […]
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