Fallen Timbers owner files bankruptcy

Posted by Nick Dutton - email

(WTOL) - The company that owns Fallen Timbers has filed for bankruptcy. General Growth Properties is the nation's second largest mall operator.

The company says it filed for Chapter 11, because it was not able to convince debt holders to give it more time to refinance under crushing debt.

General Growth says it does expect to be able to continue operating its malls as it reorganizes.

Stay with WTOL.com and News 11 for more on this developing story.

Return to HOME or NEWS page

Copyright 2009 WTOL, a Raycom Media station. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.