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.
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 ...
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.