The number of bankruptcy cases filed on the island in the month of April represented an 11 percent drop in comparison to the same month last year, Boletín de Puerto Rico reported Monday.

Puerto Rico’s bankruptcy levels continued their seemingly unstoppable upward trend in March, when the total number of cases filed, 1,103, were 3 percent higher than the number on record for the same month in 2010.

The year 2010 witnessed the struggle by 850 commercial establishments that sought protection from the U.S. Bankruptcy Court, either to reorganize or liquidate their operations, local research firm Boletín de Puerto Rico revealed Tuesday. In total, the year wrapped up with a 10 percent increase in overall bankruptcy filings, in comparison to 2009.

The number of bankruptcy cases filed on the island during the first 11 months of 2010 represented at 10 percent year-over-year increase, according to data released Monday by local research firm Boletín de Puerto Rico.