Prospect News reports three new defaults for week of Oct. 31-Nov. 6

By Caroline Salls

Pittsburgh, Nov. 8 – Prospect News reported three new defaults for the week of Oct. 31 through Nov. 6.

Specifically, Prospect News reported Chapter 11 bankruptcy filings made by Tarrant County Senior Living Center, Inc., Fleetwood Acquisition Corp. and Moriah Powder River, LLC.

In addition, Prospect News reported a missed interest payment on Omnia Private Equity AG’s 6˝% five-year notes. However, Omnia had previously defaulted in connection with other missed interest payments.

So far in 2019, Prospect News has reported 144 defaults, including 101 Chapter 11 bankruptcy filings, 19 missed interest payments, seven missed principal payments, six Chapter 15 bankruptcy filings, two each of schemes of arrangement, administrations and missed payments and one each of Chapter 7 bankruptcy filings, Companies’ Creditors Arrangement Act proceedings, safeguard proceedings, self-administrations and provisional liquidations.

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