The number of bankruptcy petitions filed last month in Puerto Rico was 19 percent below the same month last year, Boletín de Puerto Rico revealed Friday. The preliminary numbers show that so far this year, the number of filings on record is 9 percent lower than those on record for the same 11-month period in 2010.
The island’s bankruptcy rate held on to its seventh consecutive monthly decline in October, when a total of 1,077 cases were submitted to the U.S. Bankruptcy Court. The figure represents 90 fewer filings and an 8.35 percent drop in comparison to the same month last year, research firm Boletín de Puerto Rico reported.
Plaza Las Américas will submit an offer before the U.S. Bankruptcy Court for the Southern District of New York to retain the space that will soon be vacated by Borders bookstore, as part of its liquidation process, the mall’s management said Wednesday in what seems like a surprise move.
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