Many malls and similar commercial real estate owners are filing for bankruptcy in efforts to minimize losses. Partly due to dismal sales of tenants and the many economic reasons that are failing to get them back into spending, they have opted to close shop, just some of the many businesses that have folded in this economic recession. Life has indeed gotten a lot harder for these malls have long seen a decline in their occupancy and less people shopping means less shares of the profit. With many retail stores also closing shop due to the economy. Recovery is assured but when it would be coming is a totally different story for this recession is one of the longest recorded so far.