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Court Approval Paves Way for CBL Properties’ Exit From Chapter 11 Bankruptcy

REIT’s New Capital Structure Eliminates $1.6 Billion in Debt
CBL & Associates Properties owns the 758,734-square-foot CherryVale Mall in Rockford, Illinois. (CoStar)
CBL & Associates Properties owns the 758,734-square-foot CherryVale Mall in Rockford, Illinois. (CoStar)
CoStar News
August 12, 2021 | 6:36 P.M.

A U.S. Bankruptcy Court in Texas has approved CBL & Associates Properties’ plan of reorganization, setting up the real estate investment trust to be able to exit Chapter 11 bankruptcy this fall exactly a year to the date of its filing for protection from creditors.

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