Thursday, April 16, 2009

General Growth Properties Files for Bankruptcy

http://dealbook.blogs.nytimes.com/2009/04/16/general-growth-properties-files-for-bankruptcy/?ref=business


General Growth Properties, one of the largest mall operators in the nation, filed for bankruptcy early Thursday morning in one of the biggest commercial real estate collapses in United States history.
Despite bargaining for months with its creditors, General Growth faced dwindling options for handling its more than $25 billion in debt, largely in the form of short-term mortgages that will come due by next year.

-----

http://www.scribd.com/doc/14277534/General-Growth-Properties-Bankruptcy-Filing

THIS is the really interesting bit.

Number of creditors: over 100,000. Amount of liabilities: over 1 billion. Huh. They ran out of checkboxes. Interesting...

As someone commented, with the size of the bankruptcies these days, they need new forms... sigh...

Labels: , ,

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home