Sites of Interest

Social Portals
My Zimbio

Archive for the ‘Bankruptcy Law’ Category

Glendale Mall Owner General Growth Files Historic Real Estate Bankruptcy

General Growth Properties Inc., owner of some of the nation’s most prominent malls, including the Glendale Galleria, filed for Chapter 11 protection from creditors Thursday, marking the biggest real estate bankruptcy in U.S. history.

The filing, anticipated for months, comes as cash-strapped consumers turn away from shopping as a favorite pastime and the role of the mall in American culture is losing its charm.

No One Wants To File For Bankruptcy But It May Be The Smartest Choice… ... Read Full Story