Prospect News reports five new defaults for week of May 18 to May 24

By Caroline Salls

Pittsburgh, May 26 – Prospect News reported five new defaults for the week of May 18 through May 24.

Specifically, Prospect News reported an involuntary Chapter 11 bankruptcy case filed against EB Holdings II, Inc., a Chapter 15 bankruptcy filing made by Mood Media Corp., Scottish Re Group Ltd.’s liquidation, Odebrecht Oleo e Gas SA’s extrajudicial reorganization and Hsin Chong Group Holdings Ltd.’s missed interest payment on its 8¾% senior notes due 2018.

So far in 2017, Prospect News has reported 92 defaults, including 50 Chapter 11 bankruptcy filings, 14 missed interest payments, seven missed principal payments, three distressed exchanges, two each of Chapter 15 bankruptcy filings, recapitalizations and schemes of arrangement and one each of administrations, bankruptcies, Chapter 7 bankruptcy filings, extrajudicial reorganizations, extraordinary administrations, involuntary Chapter 11 bankruptcy filings, notes-for-equity exchanges, missed principal and interest payments, plans of arrangement, provisional liquidations and Title III filings.

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