Prospect News reports one new default for Dec. 21-Dec. 27

By Sarah Lizee

Olympia, Wash., Dec. 29 – Prospect News reported one new default for Dec. 21 through Dec. 27.

Specifically, Prospect News reported a Chapter 11 filing made by Parts iD, Inc., which posted $18.7 million in assets and $55.03 million in debt.

In 2023, Prospect News reported 243 defaults, including 165 Chapter 11 filings; 29 missed interest payments; 16 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, enforcements, conciliations, reorganizations, restructurings, judicial reorganizations and schemes of arrangement.

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