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Prospect News reports five new defaults for Jan. 5-Jan. 11
By Sarah Lizee
Olympia, Wash., Jan. 13 – Prospect News reported five new defaults for the period of Jan. 5 through Jan. 11.
Specifically, Prospect News reported Chapter 11 filings made by Forma Brands, LLC, Quotient Ltd., Nautical Solutions, LLC, AltosGroups, LLC and Aequor Mgt LLC, which does business as Burro Sand.
So far in 2023, Prospect News has reported seven defaults, including six Chapter 11 filings and one missed principal and interest payment.
The companies that filed Chapter 11 during the week reported at least $1.76 billion in assets and at least $4.96 billion in debt collectively.
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