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Prospect News home > News index > List of issuers P > Headlines for Plastiq, Inc. > News item
Published on 5/26/2023 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 four new defaults for May 18-May 24

By Sarah Lizee

Olympia, Wash., May 26 – Prospect News reported four new defaults for May 18 through May 24.

Specifically, Prospect News reported Chapter 11 filings made by Plastiq, Inc., QualTek Services Inc., Paradox Resources, LLC and Benefytt Technologies, Inc.

So far in 2023, Prospect News has reported 104 defaults, including 76 Chapter 11 filings, nine missed interest payments, seven missed principal and interest payments, four CCAA filings, two Chapter 15 filings, and one each of judicial reorganizations, Chapter 7 filings, events of default, recapitalizations, liquidations, and missed interest payments paid within a grace period.

The issuers that filed Chapter 11 during the week reported at least $1.95 billion in assets and at least $1.59 billion in liabilities collectively.


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