myDeaconmyhand
First man to get a team of horses up Bear Mountain
"CBL said that "customers, tenants and partners can expect business as usual at all of CBL’s owned and managed properties."
Tony Plath, a retired finance professor at UNC Charlotte, said the agreement between the unsecured creditors and management "is an attempt to gain a little negotiating leverage against the secured creditors in an attempt to bring them to the negotiating table."
The announcement of the planned bankruptcy plans comes the day after CBL reported an $81.4 million loss for the second quarter, compared with a $35 million loss a year ago."
Tony Plath, a retired finance professor at UNC Charlotte, said the agreement between the unsecured creditors and management "is an attempt to gain a little negotiating leverage against the secured creditors in an attempt to bring them to the negotiating table."
The announcement of the planned bankruptcy plans comes the day after CBL reported an $81.4 million loss for the second quarter, compared with a $35 million loss a year ago."