General Growth Properties to End Bankruptcy

The mall owner and operator General Growth Properties Inc. has filed a motion requesting permission to emerge from Chapter 11 bankruptcy. The new plan will include giving shareholders approximately 34% of the equity of the newly reorganized company. Despite having this plan in place, General Growth Properties will continue to explore alternative transactions.

It's never easy to deal with a bankruptcy situation, so it is important that you understand the details if you find yourself filing for bankruptcy. You need to know that in this situation you do have rights that should be protected and can be protected if you take the right steps. Filing for bankruptcy does not have to be the end for you, but it can be the chance at a new beginning if you manage your situation properly.

By working with a bankruptcy lawyer, you will be able to move forward with a case knowing that it is being handled in the best way possible. It's in your best interest to work with an attorney who can guide you through this difficult process and ensure that your rights are protected. Please take some time today to contact a bankruptcy attorney and begin discussing the details of your case.