Posts Tagged ‘Riverside’

Inland Empire Chapter 7 Bankrutpcy Filings, May 2010

Friday, June 4th, 2010

According to research done by Curtis Law Group , the cities with the most Chapter 7 bankruptcies in Riverside County and San Bernardino County for May 2010 are as follows:

Corona, Fontana, Moreno Valley, Murrieta, Ontario, Rancho Cucamonga, Riverside, San Bernardino, Temecula, and Victorville.

2010 continues to be a year with a high number of chapter 7 bankruptcies for the Inland Empire.  Bankruptcy attorneys in the Inland Empire have felt the increase as their workloads have increased, and as both consumers and small businesses flood their offices for help in filing bankruptcy.

Chapter 7 Bankruptcy Filings, March 2010

Monday, April 5th, 2010

Chapter 7 bankruptcy filings in the Riverside County Bankruptcy Courthouse for March 2010 continue to be high, with both Riverside and San Bernardino County cities in the top ten for the Inland Empire.

According to research done by a leading bankruptcy law firm in the area, the cities with the most Chapter 7 bankruptcies in Riverside County and San Bernardino County for March 2010 are familiar ones to those who have been following each month’s chapter 7 bankruptcy filings:

Corona, Fontana, Moreno Valley, Murrieta, Ontario, Rancho Cucamonga, Riverside, San Bernardino, Temecula, and Victorville.

Bankruptcy attorneys in the Inland Empire are also noticing a high number of filings from bankruptcy debtors residing in Chino, Chino Hills, Hemet, Hesperia, and Rialto.

Most Inland Empire Chapter 7 Bankruptcies, February 2010

Wednesday, March 3rd, 2010

Chapter 7 bankruptcy filings in the Riverside County Bankruptcy Courthouse for February 2010 continue to be high, with both Riverside and San Bernardino County cities in the top ten for the Inland Empire.

According to research done by a leading bankruptcy law firm in the area, the cities with the most Chapter 7 bankruptcies in Riverside County and San Bernardino County for February 2010 are familiar ones to those who have been following each month’s chapter 7 bankruptcy filings:

Corona, Fontana, Moreno Valley, Murrieta, Ontario, Rancho Cucamonga, Riverside, San Bernardino, Temecula, and Victorville.

Bankruptcy attorneys in the Inland Empire are also noticing a high number of filings from bankruptcy debtors residing in Hemet, Hesperia, and Indio.

Competition Continues For General Growth Properties

Thursday, February 25th, 2010

Post from the Wall Street Journal regarding the General Growth bankruptcy:

“The takeover battle for mall owner General Growth Properties Inc. reached a boiling point Wednesday as General Growth unveiled a deal with Canadian property investor Brookfield Asset Management Inc. even as Australian mall owner Westfield Group considered entering the fray.

Westfield, which owns 119 malls in the U.S., Australia and Britain, signed a nondisclosure agreement this week to begin discussions with General Growth about a possible offer, people familiar with the matter said.

Westfield has $8 billion of borrowing capacity on hand, and is thus far acting alone, these people said.

As Westfield deliberated, General Growth laid out a plan …”

General Growth Properties owns Galleria at Tyler in Riverside, Moreno Valley Mall, and Redlands Mall in the Inland area. A bankruptcy judge will consider all  options for the hearing set for March 3.

Follow news about General Growth Properties at the Curtis Law Group Bankruptcy Blog.

Top Ten Bankruptcy Filings Inland Empire, January 2010

Wednesday, February 3rd, 2010

Chapter 7 bankruptcy filings in the Riverside County Bankruptcy Courthouse for January 2010 are picking up where 2009 left off, with a high number of filings in both Riverside and San Bernardino County cities once again.

According to research done by Curtis Law Group, the top ten cities with the most Chapter 7 bankruptcies in Riverside County and San Bernardino County for January 2010 are as follows:

Corona, Fontana, Moreno Valley, Murrieta, Ontario, Rancho Cucamonga, Riverside, San Bernardino, Temecula, and Victorville.

Bankruptcy attorneys in the Inland Empire are also noticing a high number of filings from bankruptcy debtors residing in Chino, Hemet, and Hesperia.

General Growth restructures $9.7 billion in debt

Thursday, December 3rd, 2009

General Growth, a Chicago based company, owns Tyler Galleria Mall of Riverside, Redlands Mall and the Moreno Valley Mall. General Growth has submitted their plan for Chapter 11 in hopes that 92 of their properties will not see a bankruptcy by the end of this year. A segment of the Associated Press article posted on SFGate is below:

“General Growth Properties Inc. said Wednesday lenders have agreed to restructure about $9.7 billion in debt under a plan that will allow 92 of its properties to emerge from bankruptcy protection by the end of the year. The nation’s second-largest mall operator will pay off loans that cover regional shopping centers, offices, community centers and related subsidiaries. The plan will allow the real estate investment trust to retain ownership of the properties, including the Ala Moana Center in Honolulu and the Harborplace & The Gallery in Baltimore.

The Chicago-based company expanded aggressively during the real estate boom, amassing $27 billion in debt. As the real estate market imploded and financing dried up, General Growth was unable to refinance its short-term loans and in April became the largest U.S. real estate company to file for bankruptcy.”

Read the full article posted on SFGate here.

Chapter 7 Bankruptcy Filings, September 2009

Saturday, October 3rd, 2009

Chapter 7 bankruptcy filings in the Riverside County Bankruptcy Courthouse for September, according to research done by a leading bankruptcy law firm,  continue to trend upward in 2009.

The cities with the most Chapter 7 bankruptcies in Riverside County and San Bernardino County for September did not change from the top-ten in August:

Corona, Fontana, Moreno Valley, Murrieta, Ontario, Rancho Cucamonga, Riverside, San Bernardino, Temecula, and Victorville.

Bankruptcy attorneys in the Inland Empire are also noticing a high number of filings from bankruptcy debtors residing in Chino, Chino Hills, Hemet, Hesperia, and Lake Elsinore.