Prospect News reports zero new defaults for week of Aug. 23 to Aug. 29

By Caroline Salls

Pittsburgh, Aug. 31 – Prospect News reported no new defaults for the week of Aug. 23 through Aug. 29.

Prospect News did report an Aug. 27 Scottish Re Group Ltd.’s default, but Scottish Re had previously defaulted in connection with a May 23, 2017 liquidation.

So far in 2018, Prospect News has reported 106 defaults, including 53 Chapter 11 bankruptcy filings, 18 missed interest payments, four missed principal payments, three each of missed principal and interest payments, bankruptcies, Chapter 7 bankruptcy filings and distressed exchanges, two each of administration, liquidations, debt-for-equity exchanges and schemes of arrangement and one each of Companies’ Creditors Arrangement Act filings, Chapter 15 bankruptcy filings, compulsory liquidations, insolvencies, involuntary Chapter 7 cases, missed interest payments paid late, missed payments, moratoriums, recapitalizations, restructurings and Scottish Re’s default.

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