Prospect News reports three new defaults for Dec. 7-Dec. 13

By Sarah Lizee

Olympia, Wash., Dec. 15 – Prospect News reported three new defaults for Dec. 7 through Dec. 13.

Specifically, Prospect News reported Chapter 11 filings made by Harbor Custom Development Inc., Near Intelligence, Inc. and Troika Media Group, Inc.

Prospect News also reported a Chapter 11 filing made by Pennsylvania Real Estate Investment Trust (PREIT), but the company had already defaulted in 2020 with its first Chapter 11 filing.

So far in 2023, Prospect News has reported 237 defaults, including 161 Chapter 11 filings; 28 missed interest payments; 15 missed principal and interest payments; eight Chapter 15 filings; six CCAA filings; three missed principal payments; two each of liquidations, conciliations, Chapter 7 filings and recapitalizations; and one each of missed interest payments paid within a grace period, bankruptcies, reorganizations, restructurings, judicial reorganizations and schemes of arrangement.

The companies that filed Chapter 11 during the week reported at least $2.71 billion in assets and at least $2.39 billion in liabilities collectively.

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