General Growth Properties (GGP) on Tuesday filed a reorganization plan with a bankruptcy court, which will split the company into two publicly-traded entities that will emerge from bankruptcy by the end of October.

GGP, which has restructured roughly $15 billion in debt since last December, filed the plan with the U.S. Bankruptcy Court for the Southern District of New York. Under the plan, GGP will split into General Growth Properties, or “new GGP,” and Spinco, with current shareholders receiving common stock in both companies. Spinco will be run by its own separate board of directors and management team.

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