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RAIT Hasn't Justified Ch. 11 Asset Sale, Equity Holders Say

By Vince Sullivan (September 25, 2019, 9:17 PM EDT) -- The agent representing 125 holders of preferred equity in bankrupt real estate ownership and management firm RAIT Funding LLC objected Wednesday to the debtor's proposed Chapter 11 bidding procedures, saying the plan doesn't provide sufficient information to show an asset sale is necessary....

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