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Prospect News home > News index > List of issuers V > Headlines for Volunteer Energy Services Inc. > News item
Published on 4/1/2022 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports two new defaults for March 24-March 30 period

By Sarah Lizee

Olympia, Wash., April 1 – Prospect News reported two new defaults for the period of March 24 through March 30.

Specifically, Prospect News reported Chapter 11 filings made by Volunteer Energy Services Inc. and MD Helicopters, Inc.

So far in 2022, Prospect News has reported 29 defaults, including 13 Chapter 11 filings, five each of missed interest and principal payments and missed interest payments, four Chapter 15 filings, and one each of liquidations and bankruptcy filings.

The two companies that filed Chapter 11 during the week listed at least $150 million in assets and $150 million in liabilities.


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