Few <-bsp-bb-link state="{"bbHref":"bbg://news/topics/CHCREDIT","_id":"00000190-46e7-d497-a7fb-eeef11ac0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Chinese developers symbolize the long path to resolving the property debt crisis quite like <-bsp-bb-link state="{"bbHref":"bbg://securities/1638%20HK%20Equity","_id":"00000190-46e7-d497-a7fb-eeef11ac0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Kaisa Group Holdings Ltd., which will be trying to fend off liquidation in a Hong Kong court Monday.
After multiple delays since a petition to wind up the builder was filed about 11 months ago, Kaisa must show progress in formulating proposals to <-bsp-bb-link state="{"bbHref":"bbg://news/topics/BFWDISDAS","_id":"00000190-46e7-d497-a7fb-eeef11ad0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">restructure its debt, or risk being ordered to sell off assets to repay creditors. The company has <-bsp-bb-link state="{"bbHref":"bbg://securities/1638%20HK%20Equity/DDIS","_id":"00000190-46e7-d497-a7fb-eeef11ad0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">more than $11 billion of dollar securities outstanding, one of the largest loads of its kind.
Once an icon of the boom years, before ...
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