Puerto Rico bankruptcies up 2.2% in July, vs. 2022
August 8, 2023
So far this year, 2,376 petitions have been filed at the U.S. Bankruptcy Court. #NewsismyBusiness
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Puerto Rico bankruptcies up 10.2% YOY in April
May 10, 2023
So far this year, corporate filings under Chapter 11 more than doubled to 15. #NewsismyBusiness
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Cediprof Inc. files for Ch. 11 bankruptcy, citing $33M in debt
November 8, 2022
In the bankruptcy filing, Cediprof lists some $28 million in assets.
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Bankruptcy filings in Puerto Rico down 21% in February
March 16, 2022
Last month, a total of 295 cases were filed at the US Bankruptcy Court, compared to 374 cases on record for February 2021.
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Ecolift files for Chapter 11 bankruptcy with nearly $2.6M in debt
September 27, 2021
Aircraft reconstruction firm Ecolift Corp. has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for Puerto Rico in San Juan, listing nearly $2.6 million in debt. In the filing, the company founded in 1998 and headquartered at the Isla Grande airport in San Juan, listed as its largest creditors legal firm Fox […]
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Bankruptcies down 2.3% year-over-year in Jan., with Ch. 13 leading
February 11, 2020
A total of 496 bankruptcy cases were at the U.S. Bankruptcy Court in Puerto Rico during the month of January, representing a 2.3% drop from the same month last year, according to statistics released by analyst firm Boletín de Puerto Rico. The report shows that Chapter 13 personal reorganization cases prevailed, with 303 cases on […]
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P.R. bankruptcy filings down 4.8% in September
October 2, 2019
The 629 bankruptcy cases filed in Puerto Rico in September were 4.84% lower than those on record for the same month last year, while the 5,690 petitions submitted to the U.S. Bankruptcy Court during the first nine months of this year were down by 1.3% vs. the same year-ago period, a local research firm revealed. […]
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P.R.’s bankruptcy cases drop 8.2% in July vs. same month in ’18
August 6, 2019
Puerto Rico’s bankruptcy levels showed an 8.26% year-over-year drop last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help totaled 589 cases, according to data released by research firm Boletín de Puerto Rico. The current number compares to the 642 petitions filed at the local court […]
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P.R. bankruptcy cases up 1.1% through May vs. same 5-month period in ’18
June 5, 2019
The U.S. Bankruptcy Court for the District of Puerto Rico received 3,160 petitions from January to May, when filings were up 1.1% in comparison to the same five-month period in 2018, according to information provided by local research firm Boletín de Puerto Rico. When broken down into categories, about 1,882 of those petitions were from […]
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Bankruptcies filed in P.R. soar in September, with 160% more cases on record
October 9, 2018
The report showed increased activity in three of the four categories, with a marked jump in Chapter 11 cases.
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Owner of Wind Chimes Inn, Acacia Inn, Blue Horizon files for bankruptcy
May 24, 2018
Two boutique hotels in San Juan and a third in Vieques have been included in separate Chapter 11 bankruptcy petitions filed this week by owner John Dennis-Brull.
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Seaborne Airlines files for Ch. 11, selling itself to Silver Airways
January 10, 2018
Sea Star Holdings Inc., parent company for Seaborne Puerto Rico LLC, Seaborne Virgin Islands Inc. and affiliates, announced it has commenced a voluntary Chapter 11 bankruptcy reorganization proceeding to implement new financing and a sale of its assets to Silver Airways, LLC.
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Rosa Mexicano operator files Ch. 11, citing $3.6M in debt
August 10, 2017
Ocean Front Hospitality Group, owner of the Rosa Mexicano franchise in Puerto Rico, has filed for Chapter 11 bankruptcy protection, citing more than $3.6 million in debt, this media outlet learned Wednesday.
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RadioShack brand to be auctioned in July
June 12, 2017
General Wireless IP Holdings LLC, which owns the RadioShack brand in the United States, Canada, Asia, Europe and other territories throughout the world, will auction its controlling interest in the brand, it announced.
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Bankruptcies down 23% in April; -12% year-to-date
May 2, 2017
The number of bankruptcy cases filed in Puerto Rico showed a steep decline last month. #NewsismyBusiness
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