Do the recent rulings in the General Growth Properties bankruptcy spell doom for equipment debt securitizations?
The General Growth Properties Bankruptcy and the Future of Securitizations
Do the recent rulings in the General Growth Properties bankruptcy spell doom for equipment debt securitizations? Not necessarily so, according to the recent rulings of Southern District of New York Bankruptcy Judge Allan Gropper in the $27 billion General Growth Properties Chapter 11 bankruptcy — at least with respect to the issue of substantive consolidation.
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