Bankruptcy cases filed in Puerto Rico for the month of June were down 9 percent when compared to the same month last year, a preliminary tally from Boletín de Puerto Rico released Tuesday showed.
The U.S. Bankruptcy Court for the District of Puerto Rico received more than 1,000 petitions in May, when filings were up 0.7 percent in comparison to the same month in 2013, according to information provided Monday by local research firm Boletín de Puerto Rico.
Puerto Rico’s bankruptcy filings jumped by 10 percent year-over-year in March, when 1,007 cases were filed. The bulk of the cases belonged to the Chapter 13 category, which allow individuals to reorganize their finances.