The national mall operating company General Growth Properties Inc. filed a motion this week in federal bankruptcy court in New York seeking consent to emerge from Chapter 11 bankruptcy.

The company, which is based in Chicago, has recently received a $6.55 billion investment from Brookfield Asset Management, Fairholme Capital Management, and Pershing Square Capital Management. This financial backing, along with a $1.5 billion debt issuance, will be used to form a new company.

According to a spokesman for the business, the new company will be called General Growth Opportunities and will oversee a portfolio of real estate assets.

If you are facing financial problems, get on the right track to recovery by contacting the New Orleans Chapter 11 bankruptcy attorneys of the Law Office of David D. Kervin, Jr., LLC, at 504-599-5906.