Filing Alert: Palmas Athletic Club Chapter 11

Palmas Athletic Club Corp, a Humacao, PR-based recreational and social club, filed for Chapter 11 protection on Aug. 4 in the U.S. Bankruptcy Court for the District of Puerto Rico.

The company reports $16.8 million in assets and $36.5 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-03489.

Top Unsecured Claims

Key Parties

Counsel:

• Charles A. Cuprill Hernandez, Esq.
• Charles A. Cuprill, PSC, Law Offices
• Email: cacuprill@cuprill.com

Financial Advisor:

• CPA Luis R. Carrasquillo & Co., P.S.C.

Signatories:

• Hector Rosario – General Manager

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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