Prospect News reports three new defaults for Sept. 17-Sept. 23 week

By Sarah Lizee

Olympia, Wash., Sept. 25 – Prospect News reported three new defaults for the week of Sept. 17 through Sept. 23.

Specifically, Prospect News reported Chapter 11 bankruptcy filings made by TM Healthcare Holdings, LLC, Garrett Motion Inc. and FTS International, Inc.

So far in 2020, Prospect News has reported 250 defaults, including 176 Chapter 11 bankruptcy filings, 29 missed interest payments, 10 Chapter 15 bankruptcy filings, six missed principal payments, five CCAA filings, four missed payments, three each of missed interest and principal payments, Chapter 7 bankruptcy filings and defaults, two each of administrations, CBCA filings and scheme of arrangement proceedings and one each of restructurings, reorganizations, appointments of receivers and Danish Section 11b filings.

The three companies that filed Chapter 11 bankruptcy this week listed over $1.1 billion in assets and over $1.6 billion in debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.