It’s Chapter 11 for Highland Mall 0
North Devon is a local government district in the state of Devon, England. It is not surprisingly also known as the retirement capital of England, with about 70 percent of the population above the age of 60.
North Devon is home to some of the most stunning beaches in England. The number of things to do here is endless and has something for everyone. There are multiple places to stay here and you can also find homes, cottages, holiday parks for rent at reasonable prices, but on weekends one is advised to advance book rooms and resorts.
One of the most prominent beaches here is the Woolacombe beach that stretches for miles and is moderately busy with very few people even on weekends and holidays. It is one of the cleanest Beaches of the lot with numerous volunteers collecting liter and lifeguards patrolling the water’s edge. It is a mecca for surfers with picture perfect waves and dedicated surfers to surf them. Other beaches and places that are on the must see list here are Croyde, the Big sheep, Clovelly Village, Lynmouth in Exmoor National Park and Lundy Island among many more.
One of Austin, Texas’s oldest malls, the Highland Mall has filed for bankruptcy under chapter 11. The future of the mall formed in 1971 became even unsure when the owner filed for the Bankruptcy protection plan in the Western District of Texas in Austin, with an estimate of liabilities that reaches up to $1 million and up to 49 creditors on hold.
The Mall has been struggling since 2008 with legal tangles with its tenants, recessionary pressure and the vacating leases. The mall was transferred in 2009 by co owners Simon Property Group Inc. (NYSE: SPG) and General Growth Properties Inc to a group with the name JPMCC 2002-CIBC4, with the co owner General Growth properties Inc filing for bankruptcy itself. The mall was being managed by LNR Texas Partners, according to court documents.
Some of the top creditors of the Highland mall were Dillards Texas LLC, American General Life & Accident Insurance Co., the Higbee Co., the city of Austin and Constellation Energy Projects & Services Group and Wells Fargo Bank was listed as owing more than 10 percent either directly or indirectly of the LLC. The lists of companies that have filed lawsuits against the Highland mall are Dillards Texas and Higbee.
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