Judge OKs General Growth Restructuring Plan

17 Dec 2009

U.S. Bankruptcy Judge Allan Gropper of New York has approved General Growth Properties’ bankruptcy plan, which includes a restructuring of roughly $10.2 billion in loans linked to some 100 properties.

U.S. Bankruptcy Judge Allan Gropper of New York has approved General Growth Properties’ bankruptcy plan, which includes a restructuring of roughly $10.2 billion in loans linked to some 100 properties. With the court’s move, the mall owner will be able to exit bankruptcy protection. As the judge put ...

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