Prospect News reports one new default for Dec. 10-Dec. 16 period

By Sarah Lizee

Olympia, Wash., Dec. 18 – Prospect News reported one new default for the week of Dec. 10 through Dec. 16.

Specifically, Prospect News reported a Chapter 11 filings made by In-Shape Holdings, LLC.

So far in 2020, Prospect News has reported 291 defaults, including 209 Chapter 11 bankruptcy filings, 30 missed interest payments, 13 Chapter 15 bankruptcy filings, six each of missed principal payments and CCAA filings, four each of Chapter 7 filings and missed payments, three each of missed interest and principal payments, defaults and administrations, two each of CBCA filings and scheme of arrangement proceedings and one each of distressed exchanges, reorganizations, appointments of receivers, examinerships, and Danish Section 11b filings.

In-Shape listed over $50 million in assets and over $100 million in liabilities.

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