Lenders claim "bad faith" in General Growth's bankruptcy

05/5/2009 | Bloomberg

General Growth Properties included shopping malls in its bankruptcy filing that aren't delinquent on their debt and have plenty of cash flow to cover their loan payments, a group of lenders said in a document filed with the U.S. Bankruptcy Court in New York. Lender ING Clarion said the bankruptcy filings for nine special-purpose entities were made in "bad faith" and should be dismissed.

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