The number of bankruptcy cases filed in Puerto Rico skyrocketed last month, when an astounding 19.5 percent more petitions for protection from creditors were filed at the local court, research firm Boletín de Puerto Rico revealed Monday.
Puerto Rico’s bankruptcy filings were up 13 percent in February, when 930 cases were submitted to the court, versus the same month in 2015, according to numbers released Thursday by research company Boletín de Puerto Rico.
Puerto Rico began 2016 with 716 bankruptcy filings in January, representing a 3 percent year-over-year jump, statistics released Thursday by analyst firm Boletín de Puerto Rico show.