Mall Owner Has Plans to Emerge from Bankruptcy

General Growth, which owns more of the regional malls in Central Maryland, has announced that it has plans to emerge from Chapter 11 bankruptcy protection as two separate entities. Key properties in the state will be split between both entities. The company has reported in the bankruptcy reorganization filing that one of the new companies will contain most of the regional malls. The other will contain master-planned communities and specialty marketplaces.   

Anyone at anytime can find themselves needing to file for bankruptcy, whether personal bankruptcy or as a company. You need to know that these matters can be resolved in a beneficial way if handled properly so that you are able to move forward with your life. You do have rights to protect during this difficult time, but it's important that you take the correct steps to do so. Filing for bankruptcy does not have to be the end, but can be the chance at a new beginning when you make the right choices.