Prospect News reports three new defaults for June 26 through July 2

By Caroline Salls

Pittsburgh, July 3 – Prospect News reported three new defaults for the period of June 26 through July 2.

Specifically, Prospect News reported Orckit Communications Ltd.’s liquidation, Northland Resources SA’s reorganization and Eagle Bulk Shipping Inc.’s missed term loan interest payment.

Prospect News has reported 73 defaults so far for 2014, including 41 Chapter 11 bankruptcy filings, 10 missed interest payments, five Chapter 15 bankruptcy filings, two each of concurso mercantil filings, Companies’ Creditors Arrangement Act filings, administrations and missed principal and interest payment and one of each of defaults, restructurings, bankruptcy filings, judicial discovery requests, Chapter 7 bankruptcy filings, missed interest payments paid within the grace period, reconstructions, reorganizations and liquidations.

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