Prospect News reports four new defaults for week of Aug. 20-Aug. 26

By Caroline Salls

Pittsburgh, Aug. 28 – Prospect News reported four new defaults for the week of Aug. 20 through Aug. 26.

Specifically, Prospect News reported Chapter 11 bankruptcy filings made by Wade Park Land Holdings, LLC, TNT Crane & Rigging Inc., KB US Holdings, Inc. and Arena Energy, LP.

So far in 2020, Prospect News has reported 235 defaults, including 163 Chapter 11 bankruptcy filings, 29 missed interest payments, 10 Chapter 15 bankruptcy filings, six missed principal payments, five CCAA filings, four each of missed interest and principal payments and missed payments, three Chapter 7 bankruptcy filings, two each of administrations and defaults and one each of CBCA filings, CAA filings, restructurings, reorganizations, scheme of arrangement proceedings, appointments of receivers and Danish Section 11b filings.

The four companies that filed Chapter 11 bankruptcy this week listed a total of $750 million of assets and $1.7 billion in debt.

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