Prospect News reports one new default for week of July 16 to July 22

By Caroline Salls

Pittsburgh, July 24 – Prospect News reported one new default for the period of July 16 through July 22.

Specifically, Prospect News reported Great Atlantic & Pacific Tea Co., Inc.’s Chapter 11 bankruptcy filing.

Prospect News has reported 102 defaults so far in 2015, including 48 Chapter 11 bankruptcy filings, 13 missed interest payments, 10 Companies’ Creditors Arrangement Act filings, seven distressed exchanges, six Chapter 15 bankruptcy filings, four bankruptcy filings, two each of reorganizations and missed principal payments and one each of Chapter 7 bankruptcy filings, arrangements of debt, judicial recovery requests, missed interest payments paid within the grace period, missed principal and interest payments, missed payments, defaults, insolvencies, schemes of arrangement and moratoriums.

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