Latest Bankruptcy figures News

Puerto Rico governor rejects budget in new clash with board

May. 12, 2022 17:48 PM EDT

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor announced Thursday that he was rejecting a proposed $12.4 billion budget filed by a federal control board overseeing the island’s finances and would submit his own version as the U.S. territory emerges from bankruptcy. The...

Nevada bankruptcies amid pandemic lower than Great Recession

Mar. 21, 2022 14:20 PM EDT

LAS VEGAS (AP) — The pandemic may not have hit Nevada as hard economically as the Great Recession, based on bankruptcy filings. Data shows bankruptcy filings last year were a little over a quarter of what they were more than 10 years ago, the Las Vegas Sun reported Monday. ...

Puerto Rico exits bankruptcy after grueling debt negotiation

Mar. 15, 2022 08:35 AM EDT

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt. The exit means that the...