Search results
Results from the WOW.Com Content Network
Namdar Realty Group is an American shopping mall investment company based in Great Neck, New York. They primarily purchase dying or dead shopping malls with partner Mason Asset Management . [ 3 ] [ 5 ] Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls.
Companies that have filed for Chapter 7 bankruptcy by year (39 C) Pages in category "Companies that have filed for Chapter 7 bankruptcy" The following 167 pages are in this category, out of 167 total.
In October of 2023, WestGate Mall was put up for sale, nearly 3 years after CBL Properties filed for Chapter 11 bankruptcy. [16] The building was sold to Namdar Realty Group the following year on May 23, 2024.
At the same time, his real estate investment firm filed for Chapter 7 bankruptcy. [110] The bankruptcy was caused by unsuccessful investments. [113] [112] Andy Gibb: English singer Chapter 7 [114] 1987 [114] [115] Assets of less than $50,000 [114] against debt of more than $1,000,000. [114] He died six months later due to a viral infection ...
For individuals, there are two main types of bankruptcy: Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves the liquidation of assets. In Chapter 7, the debtor’s non-exempt assets are sold ...
[7] Sears closed at the mall in January 2015 and the space is now occupied by Black Rose Antiques & Collectibles, an antique mall which also operates in Hanover, Pennsylvania and Allentown, Pennsylvania. [8] JCPenney closed in mid July 2015 and in late August 2018, The Bon-Ton closed as a result of the entire chain filing for bankruptcy.
On August 29, 2018, anchor tenant Bergner's permanently closed its doors after 40 years of business at Hickory Point, following the bankruptcy and liquidation of parent company Bon-Ton Stores. [ 26 ] In August 2020, CBL & Associates sold the mall to Namdar Realty Group .
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]