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Prospect News home > News index > List of issuers I > Headlines for Insurance Auto Auctions Inc. > News item
Published on 1/17/2007 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Special Situations Daily.

Insurance Auto Auctions files 10-Q, cures default on 11% notes

By Caroline Salls

Pittsburgh, Jan. 17 - Insurance Auto Auctions, Inc. filed its 10-Q report for the quarter ended Sept. 24 on Jan. 8 to cure a default received on Nov. 24 on its 11% senior notes due 2013, according to an 8-K filing with the Securities and Exchange Commission.

Under the notes indenture, Insurance Auto had 60 days from the Nov. 24 notice to cure the default.

Insurance Auto is a Westchester, Ill., provider of automotive total loss and specialty salvage services.


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