Prospect News reports one new default for week of July 5 to July 11

By Caroline Salls

Pittsburgh, July 13 – Prospect News reported no new defaults for the week of July 5 through July 11.

Prospect News did report CW Group Holdings Ltd.’s liquidation procedure, but CW previously defaulted in connection with a June 25 missed principal and interest payment.

So far in 2018, Prospect News has reported 90 defaults, including 47 Chapter 11 bankruptcy filings, 15 missed interest payments, three each of missed principal and interest payments, bankruptcies, Chapter 7 bankruptcy filings and distressed exchanges, two each of missed principal payments, liquidations and schemes of arrangement and one each of administrations, Companies’ Creditors Arrangement Act filings, Chapter 15 bankruptcy filings, company voluntary arrangements, compulsory liquidations, debt-for-equity exchanges, missed interest payments paid late, moratoriums, recapitalizations and restructurings.

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