The 840 bankruptcy cases filed in Puerto Rico in September were 17 percent lower than the same month last year, while the total number of petitions to the U.S. Bankruptcy Court submitted during the first nine months of this year were also down by 9 percent vs. the same year-ago period, a local research firm revealed Monday.
More than three decades after opening its doors in Hato Rey, Puerto Rican bakery The Swiss Cake has closed and filed for Chapter 7 bankruptcy protection to liquidate its assets.
Empresas Playa Joyuda Inc., owners of the 50-room Perichi’s Hotel, Restaurant & Cocktail Lounge in Cabo Rojo, filed for Chapter 11 protection at the U.S. Bankruptcy Court last Friday, News is my Business learned.