Prospect News reports three new defaults for March 14-March 20

By Sarah Lizee

Olympia, Wash., March 22 – Prospect News reported three new defaults for March 14 through March 20.

Specifically, Prospect News reported Chapter 11 filings by Petersen Health Care XI, LLC and Joann Inc., and a missed principal and interest payment by Radiance Holdings (Group) Co. Ltd.

So far in 2024, Prospect News has reported 43 total defaults, including 27 Chapter 11 filings, six missed principal and interest payments, two each of Chapter 15 filings, missed interest payments, missed principal payments and Chapter 7 filings, and one each of CCAA filings and liquidations.

The companies that filed Chapter 11 during the week reported at least $2.36 billion in assets and at least $2.54 billion in liabilities collectively, with Joann responsible for the bulk of those figures.

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