We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Doral Floats $11M Bankruptcy Sale For Insurance Wing

Law360, New York (April 2, 2015, 1:38 PM EDT) -- Puerto Rico's Doral Financial Corp. on Tuesday proposed selling off an insurance division at a bankruptcy auction anchored by Anglo-Puerto Rican Insurance Corp.’s $10.75 million stalking-horse offer, the first step toward repaying creditors since the lender’s collapse into liquidation.

Driven to bankruptcy last month by the loss of a $229 million tax claim against the Puerto Rican government, Doral filed papers in New York bankruptcy court outlining a proposed May 12 auction of Doral Insurance Agency LLC, which acted as an insurance agent for the debtor’s...
To view the full article, register now.




Case Information

Case Title

Doral Financial Corporation

Case Number



New York Southern

Nature of Suit

Date Filed

March 11, 2015

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.