Prospect News reports two new defaults for week of Nov. 24 to Nov. 30

By Caroline Salls

Pittsburgh, Dec. 2 – Prospect News reported two new defaults for the week of Nov. 24 through Nov. 30.

Specifically, Prospect News reported a Chapter 11 bankruptcy filing made by Dowling College and a TransAsia Airways Corp. missed principal payment.

In addition, Prospect News reported a SoLocal Group missed interest payment. However, SoLocal previously defaulted in connection with a June 23 mandataire ad hoc proceeding.

So far this year, Prospect News has reported 213 defaults, including 98 Chapter 11 bankruptcy filings, 48 missed interest payments, 11 each of missed principal payments and missed principal and interest payments, 10 Chapter 15 bankruptcy filings, five each of Companies’ Creditors Arrangement Act filings, Chapter 7 bankruptcy filings and missed interest payments paid within the grace period, three restructurings, two each of insolvencies, administrations and recapitalizations and one each of bankruptcies, CBCA filings, judicial management requests, schemes of arrangement, plans of arrangement, debt arrangements, missed interest payments paid late, liquidations, suspensions of payments, protective shields and homologaciones.

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