Prospect News reports two new defaults for week of June 21 to June 27

By Caroline Salls

Pittsburgh, June 29 - Prospect News reported two new defaults for the week of June 21 through June 27.

Specifically, Prospect News reported a Chapter 11 bankruptcy filing made by Ritz Camera & Image, LLC and a Chapter 15 bankruptcy filing and Companies' Creditors Arrangement Act filing from Cinram International Inc.

Prospect News has reported a total of 84 defaults so far in 2012.

Of those, 48 were Chapter 11 filings, nine were missed interest payments, eight were distressed exchanges, five were Chapter 15 bankruptcy filings, four were missed principal payments, three resulted from Companies' Creditors Arrangement Act filings, and one each stemmed from missed principal and interest payments, corporate debt restructuring, examinership, insolvency, administration, notices of default and acceleration and reorganization.

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