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prima:Palmas del Mar social club seeks to negotiate with UBS to emerge from bankruptcy

Residents of the Humacao resort-residential complex are evaluating options to address the situation as soon as possible

August 12, 2025 - 1:40 PM

The Palmas Athletic Club Corp social club owes $36.5 million, and its largest creditor is UBS Trust Company, to which PACC owes $28.34 million. (Suministrada)

Residents of Palmas del Mar in Humacao, who belong to the Palmas Athletic Club Corp. (PACC) social club, will attempt to renegotiate the promissory note for the bonds managed by UBS Trust Company as a measure to reorganize their finances and emerge from bankruptcy.

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