Criimi Mae Inc., a real estate investment trust, filed monday under Chapter 11 of the United States Bankruptcy Code for protection from its creditors as it attempts to reorganize.

William B. Dockser, the company's chairman, said recent turmoil in the debt and equity markets had prompted the company's lenders to make margin calls. At the same time, he said, volatility in the capital markets made it "extremely difficult" for the REIT to raise capital.

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