A group of Puerto Rico credit unions filed an "adversary proceeding" before Judge Laura Taylor Swain, who presides over Puerto Rico's Title III bankruptcy proceedings.
The Puerto Rico Economic Development Bank confirmed Wednesday the government entity will not be harmed by Seaborne Airlines bankruptcy filing, as it sold its 20 percent stake in the company last summer in anticipation of this decision.
Girard Manufacturing, a wood office furniture store based in Canóvanas, has filed for Chapter 11 protection at the U.S. Bankruptcy Court, listing more than $3.8 million in debt, according to court records.