March 16, 2015
Doral Financial Corp., driven to bankruptcy by the loss of a $229 million tax refund claim against the Puerto Rican government, may yet be able to monetize its long-running tax dispute with the commonwealth to repay creditors, its attorney said Monday.
March 12, 2015
Puerto Rico's Doral Financial Corp. entered Chapter 11 bankruptcy in New York on Thursday to liquidate what remains of its operations after the loss of a $229 million tax dispute with the commonwealth forced its retail banking unit into receivership.