Prospect News reports two new defaults for Sept. 25 through Oct. 1

By Caroline Salls

Pittsburgh, Oct. 3 – Prospect News reported two new defaults for the period of Sept. 25 through Oct. 1.

Specifically, Prospect News reported the Chapter 11 bankruptcy filing of Reichhold, Inc. and African Bank Ltd.’s curatorship.

Prospect News also reported MIFA Mitteldeutsche Fahrradwerke AG’s insolvency filing. However, MIFA previously defaulted in connection with a missed Aug. 12 interest payment on its 2013/2018 bonds.

Prospect News has reported 104 defaults so far for 2014, including 53 Chapter 11 bankruptcy filings, 11 missed interest payments, eight Chapter 15 bankruptcy filings, four controlled management requests, three each of Companies’ Creditors Arrangement Act filings and missed principal and interest payments, two each of administrations, concurso mercantil filings, insolvencies, missed principal payments and restructurings and one of each of bankruptcy filings, bankruptcy administrations, judicial recovery requests, Chapter 7 bankruptcy filings, missed interest payments paid within the grace period, missed payments, reconstructions, reorganizations, distressed exchanges, defaults, curatorships and liquidations.

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