Prospect News reports three new defaults for June 3-June 9 period

By Sarah Lizee

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

Specifically, Prospect News reported Chapter 11 filings made by Alex and Ani, LLC, Zuca Properties LLC and Katerra, Inc.

So far in 2021, Prospect News has reported 73 defaults, including 54 Chapter 11 filings, seven missed interest payments, five Chapter 15 filings, and one each of Companies’ Creditors Arrangement Act filings, Canada Business Corporations Act filings, Chapter 7 filings, missed interest and principal payments, missed principal payments and safeguard proceedings.

The three companies that filed Chapter 11 bankruptcy during the week listed over $610 million in assets and over $1.44 billion in liabilities.

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