Prospect News reports three new defaults for Nov. 24-Nov. 30

By Sarah Lizee

Olympia, Wash., Dec. 2 – Prospect News reported three new defaults for the period of Nov. 24 through Nov. 30.

Specifically, Prospect News reported Chapter 11 filings made by Reverse Mortgage Investment Trust Inc., Holiday Inn Manhattan Financial District (Golden Seahorse LLC) and BlockFi Inc.

So far in 2022, Prospect News has reported 143 defaults, including 71 Chapter 11 filings, 33 missed interest payments, 11 missed principal and interest payments, 10 Chapter 15 filings, eight missed principal payments, two liquidations, and one each of Chapter 7 filings, recapitalizations, reorganizations, missed interest payments paid within a grace period, administrations, restructurings, missed payments and bankruptcy filings.

The companies that filed Chapter 11 during the week posted at least $11.1 billion in assets and at least $11.1 billion in liabilities.

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