Parks And Hulen Malls Owner Files For Bankruptcy

April 16, 2009

« Previous Page

General Growth Properties, owner of The Parks Mall in Arlington and Hulen Mall in Fort Worth, filed for Chapter 11 bankruptcy protection this morning.

The Chicago-based company, which is the second largest mall operator in the United States behind only Simon Properties, filed its petition in Manhattan bankruptcy court.

Thomas H. Nolan Jr., the company’s president, said in a statement that the bankruptcy filing includes all of the malls that it owns across the country, and that they will continue to operate normally.

“Our operational model is sound,” Nolan said. He went on to cite “the unprecedented disruption in the real estate financing markets and the need to extend maturing debt” as the reason for the bankruptcy filing.

« Previous Page

Posted by Rob | Filed Under Bankruptcy Articles 



Is Personal Bankruptcy the Right Choice?

Find out NOW! Complete the Free Bankruptcy Evaluation form below and one of our representatives will call you and help you decide if filing bankruptcy is right for you!

This Web site provides information about the law designed to help users safely cope with their own legal needs. Legal information is not the same as legal advice. The application of law varies with each specific case. We urge you to speak with a licensed attorney to receive assurance that the information on this site and your interpretation of the information is accurate.