P.R. bankruptcies -4% in Jan., personal cases lead
February 28, 2014
The downward spiral that Puerto Rico’s bankruptcy filings had been on in recent months came to an end in January, when total cases submitted at the U.S. Bankruptcy Court, 706, were down 4 percent, according to statistics released Friday by analyst firm Boletín de Puerto Rico.
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Jaguar, Perrurican file for Ch. 11 bankruptcy protection
February 21, 2014
Puerto Rico’s overall bankruptcy filings may have dropped in recent months, but that trend isn’t preventing major businesses — and scores of individuals — from seeking the court’s help in droves.
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Puerto Rico bankruptcy filings up 26% YOY in December
January 7, 2014
Bankruptcy filings were up 26 percent year-over-year in December, when a total of 1,044 cases were filed, according to preliminary figures released Monday by research firm Boletín de Puerto Rico.
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Puerto Rico bankruptcies soar 20% in November
December 10, 2013
Bankruptcy filings skyrocketed in November, when a total of 823 cases were filed, representing a whopping 20 percent increase when compared to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico.
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Scrub Island files Ch. 11 to deflect FirstBank receivership
December 2, 2013
Scrub Island Development Group Ltd., the owner of a posh resort in the British Virgin Islands, has filed for Chapter 11 protection in a Florida bankruptcy court to ward off a request for receivership granted to FirstBank Puerto Rico through which it seeks to collect on a $108 million loan.
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Puerto Rico bankruptcy filings up 4% in September
October 3, 2013
The 874 bankruptcy cases filed in Puerto Rico in September were 4 percent higher than those on record for the same month last year.
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Puerto Rican retailer Jeans.com files Ch. 11, owes $5.1M
September 13, 2013
Jeans.com, a Puerto Rican clothing retailer established in 1998 catering to men 15 to 40, has filed for Chapter 11 bankruptcy protection, listing more than $5.1 million in debt.
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Puerto Rico bankruptcies drop 2% in July, up 3% Y-T-D
August 27, 2013
Puerto Rico bankruptcies were down 2 percent in July, when 821 cases were filed at the U.S. Bankruptcy Court, research firm Boletín de Puerto Rico disclosed Monday.
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Green Isle Inc. files Ch. 11 for Isla Verde hotels
June 13, 2013
Puerto Rican company Green Isle Inc., which owns and operates several small hotels in the Isla Verde area, has filed for Chapter 11 bankruptcy, listing nearly $8.1 million in debt.
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Food distributor, well-known developer file for bankruptcy
April 19, 2013
Puerto Rico Food distributor Pedro Barba e Hijos Inc., Humacao drugstore owner Manuel Mediavilla Inc., and developer Joseph McCloskey-Diaz — who was involved in a highly-publicized mortgage fraud scheme in 2009 — were among the most recent commercial bankruptcy filings, with upward of $20 million in combined debt.
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Puerto Rico starts ’13 with slight increase in bankruptcies
February 27, 2013
Puerto Rico bankruptcies were up 1 percent in January, when 739 cases were filed at the U.S. Bankruptcy Court, research firm Boletín de Puerto Rico disclosed Tuesday.
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Hill Construction files for Ch.11, lists $13.5M in debt
February 1, 2013
Hill Construction Corp., a construction development pioneer that has been doing business in Puerto Rico for almost 40 years, filed for Ch. 11 bankruptcy protection earlier this week, listing more than $13.5 million in accrued debt.
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Bankruptcy filings down 8% through November
December 18, 2012
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.
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Puerto Rico bankruptcies down 17% in September
October 30, 2012
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.
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February bankruptcy filings down 11%
March 2, 2012
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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