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Economy

Allmand Law Firm
May 12, 2010 Economy

Commercial Real Estate Vacancy Rates Rise As Foreclosures And Bankruptcy Loom

The U.S. office vacancy rate has reached its highest level in 16 years and many commercial properties may face foreclosure or bankruptcy if occupancy rates don't increase soon. The U.S. office vacancy rate rose...

Overcoming Challenges Facing Companies Considering Chapter 11 Bankruptcy

In many cases only about half of businesses who need to file bankruptcy actually go ahead and file Chapter 11 bankruptcy.  At a time when businesses are facing more economic troubles than ever, why...

Six Flags Files Amended Chapter 11 Bankruptcy Plan

For the third time since it first filed Chapter 11 bankruptcy, Six Flags Inc filed an amended reorganization plan of reorganization that if approved, will formalize last month's agreement putting junior bondholders in control...

New Health Care Reform Bill May Hold Some Surprises For Student Loan Debtors

In a bill that is suppose to address the current health care issues facing the country there are a few surprises for debtors struggling under the weight of student loans. As of July 2010,...

Tribune’s Creditors Complain Bankruptcy Court Gives Them Little Time To Object

After the Tribune Company filed its fifth request for an extension to file a bankruptcy reorganization plan without interference, some of the company's biggest creditors complained that it was unfair to be given only...

General Growth Readies To Present Bankruptcy Exit Plan

General Growth Properties Inc., announced that it has reached an agreement with Brookfield Asset Management Inc., Pershing Square Capital Management LP and Fairholme Capital Management LLC, to reorganize the second largest U.S. mall owner...