Prospect News reports three new defaults for week of Oct. 8 to Oct. 14

By Caroline Salls

Pittsburgh, Oct. 16 – Prospect News reported three new defaults for the period of Oct. 8 through Oct. 14.

Specifically, Prospect News reported a Chapter 11 bankruptcy filing made by Affirmative Insurance Holdings, Inc., a missed principal payment by Yingli Green Energy Holding Co. Ltd. on its Baoding Tianwei Yingli New Energy Co. Ltd. medium-term notes and an Integradora de Servicios Petroleos Oro Negro SAPI de CV missed interest payment.

Prospect News has reported 138 defaults so far in 2015, including 67 Chapter 11 bankruptcy filings, 21 missed interest payments, 10 Companies’ Creditors Arrangement Act filings, eight distressed exchanges, five Chapter 15 bankruptcy filings, four bankruptcy filings, three each of administrations and missed principal payments, two each of Chapter 7 bankruptcy filings, reorganizations, defaults and missed principal and interest payments and one each of Chapter 9 bankruptcy filings, arrangements of debt, judicial recovery requests, missed payments, missed interest payments paid within the grace period, insolvencies, Schutzschirmverfahren in Eigenverwaltung, schemes of arrangement and moratoriums.

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