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Prospect News reports two new defaults for period of May 2 to May 8
By Caroline Salls
Pittsburgh, May 10 - Prospect News reported two new defaults for the week of May 2 to May 8.
The latest defaults reported include a Chapter 11 bankruptcy filing made by MSR Hotels & Resorts, Inc. and a bankruptcy filing made by Ukio Bankas AB.
In addition, Prospect News reported a distressed exchange made by CEVA Group plc.
However, CEVA previously defaulted with an April 1 missed interest payment.
Prospect News has reported 50 defaults so far in 2013, including 28 Chapter 11 filings, six each of missed interest payments and missed principal and interest payments, three missed principal payments, two each of Chapter 7 bankruptcy filings and involuntary Chapter 11 filings and one each of bankruptcy filings, missed payments and distressed exchanges.
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