Prospect News reports no new defaults for week of July 19 to July 25

By Caroline Salls

Pittsburgh, July 27 - Prospect News reported no new defaults for the week of July 19 through July 25.

Prospect News has reported a total of 91 defaults so far in 2012.

Of those, 53 were Chapter 11 filings, eight each stemmed from missed interest payments and distressed exchanges, five resulted from missed principal payments, four each were from Chapter 15 bankruptcy filings and 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, reorganization, Chapter 7 bankruptcy filings and Chapter 9 bankruptcy filings.

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