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Once the beneficiary of special tax treatment from the US government, today local industries must compete with those in more economically depressed parts of the world where wages are not subject to US minimum wage legislation.
Puerto Rico was called Borikén by the indigenous Taínos before Christopher Columbus named it San Juan Bautista (after John the Baptist).
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Luquillo, PR Puerto Rico Bankruptcy
A common misconception is that by filing bankruptcy all your debts will be discharged, leaving you debt free, but think about the long time you will have to live with no credit.
There are several types of "reorganization" bankruptcy: Chapter 11, Chapter 12, and Chapter 13.
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Luquillo, PR Puerto Rico bankruptcy evaluation
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