In the first nine months of the year, 3,923 bankruptcies have been filed, a decrease of 31.1% compared to the previous year for that same period. (Archive)
Bankruptcies, for now, remain below those filed last year, and in the month of September 443 cases were registered, which represents 31.2% less than those that occurred in that same month in 2019, according to the Bulletin from Puerto Rico.
In the first nine months of the year, 3,923 bankruptcies have been filed, a decrease of 31.1% compared to the previous year for that same period.
All chapters remain with figures lower than those of 2019 so far. Chapter 7 -Settlement- has 1,747 cases, 19% less than in 2019 for those nine months. The liquidation cases, which are those that represent a total bankruptcy, add up to 44.5% of all bankruptcies until September 30. This is one of the highest ratios in the last 10 years in this chapter.
The cases of corporate reorganization -chapter 11- add up to 25 and are 60% less than those in that period last year.
Bankruptcies in the agricultural sector -chapter 12- are barely two, and they are 78% below 2019 ; while the cases of individual restructuring -chapter 13- total 2,149 and represent 38% less than the figure for 2019 on that same date.
If you compare the bankruptcies that have been filed since the quarantine began in mid-March through September, that number totals 2,524 cases. That represents 41% less than the 4,267 bankruptcies that were registered in the same period the previous year.