Prospect News reports two new defaults for week of Aug. 22-Aug. 28

By Caroline Salls

Pittsburgh, Aug. 30 - Prospect News reported two new defaults for the week of Aug. 22 to Aug. 28.

The latest defaults came in the form of Irish Bank Resolution Corp.'s Chapter 15 bankruptcy filing and RSM Tenon Group plc's administration.

Prospect News has reported 97 defaults so far in 2013, including 49 Chapter 11 filings, 18 missed interest payments, six Chapter 7 bankruptcy filings, five missed principal and interest payments, four distressed exchanges, three Chapter 15 bankruptcy filings, two each of involuntary Chapter 11 filings, bankruptcy proceedings and missed principal payments and one each of Chapter 9 bankruptcy filings, insolvencies, administrations, Schutzschirmverfahren, missed payments and recapitalizations.

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