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General Growth Properties Inc

BUSINESS
April 17, 2009 | By Andrea Chang
Saddled with billions in debt, shopping mall giant General Growth Properties Inc. sought protection from its creditors in Bankruptcy Court on Thursday, marking the largest Chapter 11 filing for a real estate company in U.S. history. The bankruptcy filing by General Growth, owner of the Glendale Galleria, Northridge Fashion Center and other Southland malls, had been expected for months.

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