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Published on 12/11/2020 in the Prospect News Distressed Debt Daily.

Prospect News reports four new defaults for Dec. 3-Dec. 9 period

By Sarah Lizee

Olympia, Wash., Dec. 11 – Prospect News reported four new defaults for the week of Dec. 3 through Dec. 9.

Specifically, Prospect News reported Chapter 11 filings made by Lighthouse Resources Inc., Francesca's Holdings Corp., Superior Energy Services, Inc. and Unipharma, LLC/Tamarac 10200, LLC.

So far in 2020, Prospect News has reported 290 defaults, including 208 Chapter 11 bankruptcy filings, 30 missed interest payments, 13 Chapter 15 bankruptcy filings, six each of missed principal payments and CCAA filings, four each of Chapter 7 filings and missed payments, three each of missed interest and principal payments, defaults and administrations, two each of CBCA filings and scheme of arrangement proceedings and one each of distressed exchanges, reorganizations, appointments of receivers, examinerships, and Danish Section 11b filings.

The four companies that filed Chapter 11 bankruptcy this week listed over $375.58 million in assets and $1.82 billion in liabilities.


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