Casiano Communications Inc., parent company of weekly English-language business publication Caribbean Business and a number of other subsidiaries, filed for Chapter 11 bankruptcy protection Monday, citing more than $8.5 million in debt.
A total of 903 bankruptcy cases were submitted in Puerto Rico last month, with Chapter 13 — those applicable to individuals — leading the filings that resulted in a 3 percent year-over-year increase in activity, preliminary results released by research firm Boletín de Puerto Rico showed Thursday.
Bankruptcy cases filed in Puerto Rico for the month of June were down 9 percent when compared to the same month last year, a preliminary tally from Boletín de Puerto Rico released Tuesday showed.