As the year comes to a close, Puerto Rico’s bankruptcy filings appear to be keeping the downward trend that has prevailed throughout most of 2012. Filings through November were down 8 percent year-over-year, with 9,532 cases on record at the U.S. Bankruptcy Court.
The 840 bankruptcy cases filed in Puerto Rico in September were 17 percent lower than the same month last year, while the total number of petitions to the U.S. Bankruptcy Court submitted during the first nine months of this year were also down by 9 percent vs. the same year-ago period, a local research firm revealed Monday.
The island's bankruptcy filings continued to drop in February, when 11 percent fewer cases were submitted to the court, versus the same month in 2011, according to preliminary numbers released Thursday by research company Boletín de Puerto Rico.
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