The decision Thursday by the U.S. Bankruptcy Court judge overseeing the Borders Chapter 11 proceeding could send the bookstore chain, which still has one location left in Puerto Rico, into a liquidation of its assets.
Island bankruptcy cases for the month of June were down 15 percent, with personal cases filing the most marked drops, a preliminary tally from Boletín de Puerto Rico released Friday showed.
The number of bankruptcy cases filed in May reflected a year-over-year 14 percent drop, with a total of 970 cases filed, research firm Boletín de Puerto Rico said Tuesday.