Prospect News reports five new defaults for Oct. 19 to Oct. 25

By Sarah Lizee

Olympia, Wash., Oct. 27 – Prospect News reported five new defaults for Oct. 19 through Oct. 25.

Specifically, Prospect News reported Chapter 11 filings made by Premier Kings, Inc., Air Methods Corp., Hello Bello and Akumin Inc. and a missed interest payment by Pearl Engineered Solutions.

So far in 2023, Prospect News has reported 222 defaults, including 147 Chapter 11 filings; 30 missed interest payments; 15 missed principal and interest payments; eight Chapter 15 filings; six CCAA filings; three missed principal payments; two each of liquidations, conciliations, Chapter 7 filings and recapitalizations; and one each of missed interest payments paid within a grace period, bankruptcies, reorganizations, judicial reorganizations and schemes of arrangement.

The companies that filed Chapter 11 during the week reported at least $1.33 billion in assets and at least $2.22 billion in liabilities collectively.

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