CBL, Shopping Mall Operator, Files for Bankruptcy Protection

Shopping mall operator CBL & Associates Properties  (CBL) – Get Report filed for Chapter 11 bankruptcy protection, becoming the latest mall operator seeking to restructure its operations as the Covid-19 pandemic slams the brick-and-mortar retail sector.

CBL filed for bankruptcy protection with the U.S. bankruptcy court for the Southern District of Texas on Sunday. The Chattanooga, Tenn.-based real estate investment trust listed both estimated assets and liabilities in the range $1 billion to $10 billion.

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