The U.S. Bankruptcy Court in Puerto Rico saw a whopping 31% drop in activity in October, when 419 cases were filed, in comparison to the 762 cases filed for the same month last year. During the first 10 months of the year, filings dropped by 32.7% to 4,342 cases, when compared to the 6,452 petitions […]
A total of 443 petitions were filed at the U.S. Bankruptcy Court in Puerto Rico during the month of September, representing a 31.1% drop from the same month in 2019, according to a report released by research firm Boletín de Puerto Rico. In September 2019, the court received 629 bankruptcy cases, according to the report. […]
A total of 2,081 petitions have been filed in Puerto Rico’s bankruptcy courts since Gov. Wanda Vázquez implemented the first lockdown measures related to the COVID-19 pandemic, research firm Boletín de Puerto Rico revealed. The report breaks down weekly filings, showing that the week of May 25-31 reflected the highest number of petitions, at 157 […]
The 629 bankruptcy cases filed in Puerto Rico in September were 4.84% lower than those on record for the same month last year, while the 5,690 petitions submitted to the U.S. Bankruptcy Court during the first nine months of this year were down by 1.3% vs. the same year-ago period, a local research firm revealed. […]
Puerto Rico’s bankruptcy levels showed an 8.26% year-over-year drop last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help totaled 589 cases, according to data released by research firm Boletín de Puerto Rico. The current number compares to the 642 petitions filed at the local court […]
The U.S. Bankruptcy Court for the District of Puerto Rico received 3,160 petitions from January to May, when filings were up 1.1% in comparison to the same five-month period in 2018, according to information provided by local research firm Boletín de Puerto Rico. When broken down into categories, about 1,882 of those petitions were from […]
Arizona-based Kona Grill Inc. and its subsidiaries — including Kona Grill Puerto Rico Inc. — have filed a Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware, to facilitate its previously announced sale process. Kona Grill has one restaurant in Puerto Rico, located at The Mall of San Juan. It opened […]
Martin Bienenstock sits in the audience, looking at his tablet. As the twelfth public meeting of Puerto Rico’s Fiscal Control Board takes place, he raises his eyes, adjusts his glasses, frowns and pays attention to the discussion.
Two boutique hotels in San Juan and a third in Vieques have been included in separate Chapter 11 bankruptcy petitions filed this week by owner John Dennis-Brull.
A group of Puerto Rico credit unions filed an "adversary proceeding" before Judge Laura Taylor Swain, who presides over Puerto Rico's Title III bankruptcy proceedings.
The Puerto Rico Economic Development Bank confirmed Wednesday the government entity will not be harmed by Seaborne Airlines bankruptcy filing, as it sold its 20 percent stake in the company last summer in anticipation of this decision.
Girard Manufacturing, a wood office furniture store based in Canóvanas, has filed for Chapter 11 protection at the U.S. Bankruptcy Court, listing more than $3.8 million in debt, according to court records.
The United States government will notify the Financial Oversight and Management Board by Oct. 6 if it will defend the constitutionality of PROMESA.
Ocean Front Hospitality Group, owner of the Rosa Mexicano franchise in Puerto Rico, has filed for Chapter 11 bankruptcy protection, citing more than $3.6 million in debt, this media outlet learned Wednesday.
During the first six months of the year, 17 medical doctors filed for bankruptcy protection, reporting more than $23.5 million in combined debt to the court, a report by research firm Boletín de Puerto Rico confirmed.
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