Prospect News reports six new defaults for Feb. 4-Feb. 10 period

By Sarah Lizee

Olympia, Wash., Feb. 12 – Prospect News reported six new defaults for the week of Feb. 4 through Feb. 10.

Specifically, Prospect News reported voluntary Chapter 11 filings made by Mercy Hospital and Medical Center and Carla's Pasta, Inc., an involuntary Chapter 11 filing made by creditors of Navient Solutions LLC, Chapter 15 filings by Novelion Therapeutics Inc. and Luckin Coffee Inc., and a safeguard proceeding opened by Vallourec SA.

Prospect News also reported a Chapter 11 filing made by Seadrill Ltd., but the company had defaulted previously.

So far in 2021, Prospect News has reported 22 defaults, including 17 Chapter 11 filings, two Chapter 15 filings, and one each of missed interest payments, missed principal payments and safeguard proceedings.

The companies with Chapter 11 filings made in the week listed over $7.49 billion in assets and over $7.43 billion in liabilities.

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