Palmas Athletic Club in Humacao files Chapter 11 with $36.5M in debt
August 11, 2025
Bankruptcy petition lists government agencies, banks and vendors among creditors. #NewsismyBusiness
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Silver Airways ceases operations 6 months after declaring bankruptcy
June 12, 2025
Tourism Co. activates action plan to restore lost regional air connectivity. #NewsismyBusiness
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Report: Puerto Rico oversight board’s consultant spending surpasses $2B
February 13, 2025
Open Spaces report finds expenses significantly exceed initial estimates under the Puerto Rico Oversight, Management and Economic Stability Act. #NewsismyBusiness
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ERC Manufacturing Inc. files for Ch. 11 bankruptcy protection
February 6, 2025
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
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New Fortress Energy facing bankruptcy
November 15, 2024
Earlier this year, IEEFA identified New Fortress as one of the greatest threats to the growth of renewable energy in Puerto Rico. #NewsismyBusiness
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Makoff to present his book on Argentina’s debt at Muñoz Marín Foundation
April 25, 2024
The debt restructuring expert will delve into how the country’s financial issues parallel Puerto Rico’s. #NewsismyBusiness
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CPI: Government of Puerto Rico let debt with HIMA’s owners rack up for almost 50 years
March 21, 2024
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
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La Boulangerie, Híjole restaurants file for Ch. 11 bankruptcy
March 8, 2024
Chapter 11 generally provides for reorganization, usually involving a corporation or partnership. #NewsismyBusiness
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Report: Puerto Rico’s hospital industry faces consolidation amid financial stress
February 9, 2024
An Estudios Técnicos analysis predicts mergers and alliances as the sector sees fewer patients. #NewsIsMyBusiness
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Study foresees adverse PREPA debt plan impact on Puerto Rico businesses
October 30, 2023
High energy costs threaten food security, jobs and businesses, according to a study commissioned by Supermercados Selectos. #NewsismyBusiness
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Puerto Rico bankruptcies up 2.2% in July, vs. 2022
August 8, 2023
So far this year, 2,376 petitions have been filed at the U.S. Bankruptcy Court. #NewsismyBusiness
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Bankruptcy process and the role of CPAs — pre, during and post proceeding
May 10, 2023
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
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Cediprof Inc. files for Ch. 11 bankruptcy, citing $33M in debt
November 8, 2022
In the bankruptcy filing, Cediprof lists some $28 million in assets.
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Ecolift files for Chapter 11 bankruptcy with nearly $2.6M in debt
September 27, 2021
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 […]
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UPR Law School Trust to sponsor symposium on bankruptcy
September 21, 2021
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 […]
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