Prospect News reports one new default for May 26-June 1

By Sarah Lizee

Olympia, Wash., June 3 – Prospect News reported one new default for the period of May 26 through June 1.

Specifically, Prospect News reported a Chapter 11 filing made by GT Real Estate Holdings, LLC.

Prospect News also reported a Chapter 11 filing made by TPC Group Inc., and several missed interest payments from Yuzhou Group Holdings Co. Ltd. and Zhenro Properties Group Ltd., but each of these companies had defaulted previously.

So far in 2022, Prospect News has reported 62 defaults, including 26 Chapter 11 filings, 20 missed interest payments, seven missed interest and principal payments, four Chapter 15 filings, and one each of Chapter 7 filings, reorganizations, liquidations, administrations, and bankruptcy filings.

GT Real Estate reported at least $100 million in assets and at least $100 million in debt.

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