General Growth Properties Inc filed bankruptcy today; the filing is seen as the biggest real estate failure in U.S. history. General Growth is the second largest U.S. mall owner. Read More Here
As commerical real estate and development loans come due, more and more commerical propety owners are worried about their ability to refinance these loans in the current lending environment. Commercial real estate borrowers and lobbyists have begun to approach Treasury Secretary Paulson and the Bush Administration about being included in some of the recent federal loan programs. Without federal help [...]
Troubled companies are encountering difficulty reorganizing in Chapter 11 business bankruptcies because of the scarcity of Debtor-In-Possession (DIP) Financing. Without DIP Financing, many companies filing bankruptcy in the current down-cycle are being forced to liquidate rather than reorganize. http://www.cnbc.com/id/27800248
Texas is beginning to see an increasing number of homeowners take advantage of favorable Texas homestead and bankruptcy laws. http://www.bloomberg.com/apps/news?pid=20601109&sid=aI99ZTfd5KEo&refer=home
