Wilmington Trust to Continue to Hold $14.6-Mil. In Escrow

FAIRLESS HILLS, Pa. -- Judge Allan Gropper of the U.S. Bankruptcy Court for the Southern District of New York allowed Wilmington Trust Company to continue to hold in escrow the $14.6 million deposit by General Growth Properties, Inc., including possible payments of fees and expenses.

More news on the General Growth case, including the reorganized company's refinancing of its mortgage debt and the closure of non-revenue generating malls, are in GENERAL GROWTH Bankruptcy News, Issue No. 81 published by Bankruptcy Creditors' Service, Inc.

The 22-page newsletter contains stories with these headlines:

[01275] NEW GGP TO REFINANCE $5-BIL. MORTGAGE DEBT, CEO SAYS

[01276] NEW GGP AMENDS $300MM SECURED REVOLVING CREDIT FACILITY

[01277] NEW GGP TO SELL OFF 19 NON-REVENUE GENERATING MALLS

[01278] DEBTORS' MOTION TO DEEM CURE OBJECTIONS AS RESOLVED

[01279] DEBTORS OBJECT TO WILMINGTON TRUST'S REQUEST FOR FEES

[01280] DEBTORS' 76TH TO 79TH OMNIBUS OBJECTIONS TO CLAIMS

[01281] DEBTORS' 80TH TO 84TH OMNIBUS OBJECTIONS TO CLAIMS

[01282] GENERAL TRUST'S MOTION TO ALLOW SEC. 503(B)(3) CLAIM

[01283] GEORGIA POWER'S MOTION TO PAY $216,022 CURE CLAIM

[01284] B. BRUBAKER'S MOTION TO LIFT STAY TO PURSUE TEXAS ACTION

[01285] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS

[01286] ROBERT MICHAELS STEPS DOWN AS VICE CHAIRMAN OF NEW GGP

[01287] THHC NAMES ANDREW RICHARDSON AS CHIEF FINANCIAL OFFICER

[01288] OLD GGP DEREGISTERS COMMON STOCK

[01289] FUTURE FUND DISCLOSES OWNERSHIP OF NEW GGP COMMON STOCK

[01290] NEW GGP SELLS ARIZONA CENTER FOR $136.5 MILLION

[01291] FITCH DOWNGRADES 10 SLICES OF $2.1-BILLION CMBS LOAN

[01292] FITCH AFFIRMS COLUMBIA ASSOCIATION SECURED BONDS AT 'AA+'

[01293] NEW GGP RELEASES FOURTH QUARTER/FULL YEAR 2010 RESULTS

A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

GENERAL GROWTH BANKRUPTCY NEWS tracks the restructuring of General Growth Properties Inc.

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Company: Bankruptcy Creditors' Service, Inc. 

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