Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Why is General Growth Properties filing bankruptcy? - From what I know, correct my if wrong.

Large job losses and credit crunch have made consumers spend less. In return, retail outlets, tenants off GGG's many shopping malls go out of business. Vacancy rates within malls go up. GGG, the landlord of these malls receive less cash flow to pay off its 27 billion debt from recent acquisitions. Also, GGG is unable to refinance debt b/c of credit crunch. Correct?

Are they filing bankruptcy b/c their tenants of the shopping malls are not bringing in enough income to satisfy their debts? -