Prospect News reports two new defaults for June 2-June 8

By Sarah Lizee

Olympia, Wash., June 10 – Prospect News reported two new defaults for the period of June 2 through June 8.

Specifically, Prospect News reported Chapter 11 filings made by Home Products International, Inc. and National Realty Investment Advisors, LLC.

Prospect News also reported a Chapter 15 filing made by Modern Land (China) Co., Ltd., but the company had previously defaulted with a missed interest and principal payment on Oct. 25, 2021.

So far in 2022, Prospect News has reported 66 defaults, including 29 Chapter 11 filings, 20 missed interest payments, seven missed interest and principal payments, five Chapter 15 filings, and one each of Chapter 7 filings, reorganizations, liquidations, administrations and bankruptcy filings.

The two companies that filed Chapter 11 during the week reported a least $60 million in assets and at least $550 million in liabilities.

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