In Brief: Bankruptcy Hearing On Criimi Mae Put Off

hearing on proposed bidding-protection provisions of Criimi Mae Inc.'s stock purchase agreement with Apollo Real Estate Advisors.

The hearing had been scheduled for Oct. 15.

Margin calls forced Criimi, a real estate investment trust that invests in lower-rated commercial-mortgage-backed securities, to seek Chapter 11 bankruptcy protection a year ago.

Last month the REIT said it had lined up Apollo to help finance a $910 million reorganization plan.

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