Prospect News reports two new defaults for July 8-July 14 period

By Sarah Lizee

Olympia, Wash., July 16 – Prospect News reported two new defaults for the week of July 8 through July 14.

Specifically, Prospect News reported Chapter 11 filings made by Pipeline Foods, LLC and Limetree Bay Refining, LLC.

So far in 2021, Prospect News has reported 94 defaults, including 67 Chapter 11 filings, 10 missed interest payments, five Chapter 15 filings, three Chapter 7 filings, two each of missed principal payments and missed interest and principal payments, and one each of Companies’ Creditors Arrangement Act filings, Canada Business Corporations Act filings and safeguard proceedings.

The two companies that filed bankruptcy during the week reported at least $1.1 billion in assets and at least $600 million in liabilities.

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