BlackRock's Anthracite REIT Files For Ch. 7
The company filed the bankruptcy petition in the U.S. Bankruptcy Court for the Southern District of New York, listing between $500 million and $1 billion in liabilities.
Anthracite said its board of directors had authorized the filing in light of the fund's financial position, outstanding events of default and other factors.
The bankruptcy court will appoint a trustee to liquidate the...
To view the full article, register now.