Prospect News reports two new defaults for week of July 25 to July 31

By Caroline Salls

Pittsburgh, July Aug. 2 - Prospect News reported two new defaults for the week of July 25 to July 31 in the form of a Chapter 11 bankruptcy filing made by American Roads LLC and Praktiker AG's insolvency proceedings.

Prospect News has reported 87 defaults so far in 2013, including 45 Chapter 11 filings, 16 missed interest payments, six Chapter 7 bankruptcy filings, five missed principal and interest payments, four distressed exchanges, two each of Chapter 15 bankruptcy filings, involuntary bankruptcy filings, bankruptcy proceedings and missed principal payments and one each of Chapter 9 bankruptcy filings, insolvencies and missed payments.

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