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prima:Nearly 1,000 bankruptcy filings in Puerto Rico in just two months

The largest to date corresponds to The Phoenix Fund, the firm placed under intervention by the OCIF and investigated by the Department of Justice

March 11, 2026 - 11:03 AM

Chapter 13 allows a person to reorganize their finances and repay debts through a three- to five-year plan without losing their assets. (Carlos Rivera Giusti/Staff)

In the first two months of the year, bankruptcies filed in Puerto Rico nearly reached one thousand, with the most significant being the bankruptcy of the private investment fund The Phoenix Fund, totaling $261.32 million.

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