Most of the increase stems from a rise in Chapter 7 and Chapter 13 filings. #NewsismyBusiness
The company, whose main line of business is mechanical/HVAC and electrical work, has provided services in Puerto Rico and the U.S. Virgin Islands. #NewsismyBusiness
Several sectors bore the brunt of Puerto Rico’s financial struggles in 2024. #NewsismyBusiness
San Juan, Ponce and Bayamón emerged as the cities with the most bankruptcies. #NewsismyBusiness
These are preliminary numbers for last month’s movements at the U.S. Bankruptcy Court, Boletín de Puerto Rico stated. #NewsismyBusiness
So far this year, 3,710 petitions have been filed at the U.S. Bankruptcy Court, representing a 33.9% jump when compared to the same period last year. #NewsismyBusiness
So far this year, a total of 171 businesses have turned to the U.S. Bankruptcy Court for protection. #NewsismyBusiness
Chapter 11 generally provides for reorganization, usually involving a corporation or partnership. #NewsismyBusiness
A report prepared by local firm Boletín de Puerto Rico shows that 455 cases were filed in February. #NewsismyBusiness
The U.S. Bankruptcy Court was busy during 2023, as there were 4,435 petitions submitted from January to December, or 16.4% more than the 3,810 cases filed in 2022. #NewsismyBusiness
So far this year, Puerto Rico individuals and corporations seeking protection from creditors have filed 3,397 cases in U.S. Bankruptcy Court, up 15.2% year-over-year. #NewsismyBusiness
A report released by research firm Boletín de Puerto Rico shows that there were 429 cases filed in October 2022. #NewsismyBusiness
A report released by research firm Boletín de Puerto Rico shows that there were 285 cases filed in September 2022. #NewsismyBusiness
So far this year, 2,376 petitions have been filed at the U.S. Bankruptcy Court. #NewsismyBusiness
So far this year, corporate filings under Chapter 11 more than doubled to 15. #NewsismyBusiness
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