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Malls File for Bankruptcy or Shut Their Doors as Pandemic Pain Spreads

Malls File for Bankruptcy or Shut Their Doors as Pandemic Pain Spreads

Mall landlords are starting to seek bankruptcy protection or shutting down, the latest signs that the pandemic is deepening a crisis that began before

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Mall landlords are starting to seek bankruptcy protection or shutting down, the latest signs that the pandemic is deepening a crisis that began before Covid-19.

CBL & Associates Properties and Pennsylvania Real Estate Investment, two midsized publicly listed mall owners, said last week they were filing for chapter 11 bankruptcy protection after their earlier debt-restructuring efforts failed. Both companies said they have secured support from a majority of their respective bondholders entering the bankruptcy process and hope…

This post first appeared on wsj.com

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