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Lenders 360

Tag Archives: General Growth

General Growth Properties files for Bankruptcy: Simply an Impossible Situation?

Posted in Market Trends, Tough Times for Lenders, Workout Issues

Following up on my earlier posting covering impossibility performance as a possible defense to performance\pay-off of a loan at loan maturity – As everyone knows, yesterday the #2 owner of malls in the U.S. (General Growth Properties) filed for bankruptcy.  Here’s link to a blog on seekingalpha.com that contains copies of GPP’s 8-K and the voluntary… Continue Reading