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For example, two of the REIT's largest tenants have filed for Chapter 11 bankruptcy protection in the last couple of years. The most recent filing came in early January 2025. The most recent ...
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
In the United States, with respect to taxes incurred by the bankruptcy estate (as opposed to the debtor) during case administration, a specialized discharge for the trustee, the debtor, any successor to the debtor, and (for cases commenced on or after October 17, 2005) the bankruptcy estate is provided in 11 U.S.C. § 505(b).
Thornburg Mortgage was a United States real estate investment trust (REIT) that originated, acquired and managed mortgages, with a specific focus on jumbo and super jumbo adjustable rate mortgages. The company experienced financial difficulties related to the subprime mortgage crisis in 2007 and filed for bankruptcy on April 1, 2009.
Although there’s been more positive inflation news lately, fears of a subsequent recession continue. Tech companies such as Meta Platforms Inc., Twitter Inc., Tesla Inc., Oracle Corp. and ...
It's true that there's generally a higher threshold to cross if you want to discharge student loan debt in bankruptcy, but some borrowers have crossed it. Since Congress passed the Bankruptcy ...
In 1992, Roth and Alexander's creditors forced Alexander's into bankruptcy. [8] Alexander's emerged from bankruptcy in 1993 as a real estate investment trust. That same year, Vornado Inc. was converted into a REIT, Vornado Realty Trust. In 1995, Vornado bought Citicorp's interest in Alexander's. [9]
General Growth Properties (GGP) filed a reorganization plan, seeking to emerge from bankruptcy in October with $7 billion to $8.5 billion in new capital, the company announced Tuesday. The nation ...