Chinese real estate giant Country Garden hires Kroll for liquidation analysis due to $205M loan default.

Chinese real estate giant Country Garden hires Kroll to conduct liquidation analysis ahead of a court hearing due to a $205M loan default. Country Garden is pursuing its offshore debt restructuring plan, and Kroll will project a recovery rate for its creditors under a liquidation scenario. The company has also hired KPMG as an advisor for its capital structure and liquidity.