Prospect News reports two new defaults for week of Aug. 30-Sept. 5

By Caroline Salls

Pittsburgh, Sept. 7 – Prospect News reported two new defaults for the week of Aug. 30 through Sept. 5.

Specifically, Prospect News reported a Chapter 11 bankruptcy filing made by Verity Health System of California, Inc. and an American Tire Distributors Inc. missed interest payment.

So far in 2018, Prospect News has reported 108 defaults, including 55 Chapter 11 bankruptcy filings, 19 missed interest payments, four missed principal payments, three each of missed principal and interest payments, bankruptcies, Chapter 7 bankruptcy filings and distressed exchanges, two each of administration, liquidations, debt-for-equity exchanges and schemes of arrangement and one each of Companies’ Creditors Arrangement Act filings, Chapter 15 bankruptcy filings, compulsory liquidations, insolvencies, involuntary Chapter 7 cases, missed interest payments paid late, missed payments, moratoriums, recapitalizations and restructurings.

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