During February 2026, 491 bankruptcy cases were filed in Puerto Rico, a decrease of only one case (0.2%) compared to the 492 cases registered in February 2025.
According to the Puerto Rico Bankruptcy Bulletin, a breakdown of the cases shows that 167 bankruptcies were filed under Chapter 7, two more than the 165 filed in the same month of 2025, representing an increase of 1.2%.
Under Chapter 13, used primarily for individual reorganizations, 315 filings were reported in January, seven fewer than the 322 filed during the same period of the previous year, equivalent to a decrease of 2.2%.
Corporate restructuring bankruptcies, under Chapter 11, totaled nine cases, five more than the four cases filed last year, representing an increase of 125%.
In the case of Chapter 12, information was not provided.
The cumulative number of bankruptcies so far in 2026 is 888, a 5.9% decrease compared to the first two months of 2025.
The total amount of debt reported through February was $124.38 million, excluding Phoenix Fund’s debt, representing a 23.7% decrease compared to the $163.01 million reported in the first two months of 2025.
Including the $261.4 million in unsecured debt of Phoenix Fund, an investment fund that filed for Chapter 11 on February 23, the total debt amounts to $386.70 million.
At the municipal level, San Juan has the highest number of cases (87), followed by Bayamón with 59 cases and Ponce with 49 cases.
Among the sectors with the highest number of establishments in the commercial segment are restaurants (5), beauty salons (5), accounting firms (3), clothing stores (2) and coffee shops (2), reflecting pressure on small service businesses.
