Many analysts expected General Growth Properties (GGP) equity holders to lose most or all of their financial interests in GGP. The joint bankruptcy filing of GGP and most of its SPEs has apparently allowed GGP to successfully reorganize much of its debt and repay all of its obligations, while retaining substantial value for its equity holders.
Explain whether you agree or disagree with the court’s decision to allow GGP’s SPEs to enter bankruptcy protection.
One to 2 paragraphs.