Providence Place has been ordered into receivership, a state-level version of bankruptcy, after its largest private lenders alleged the company that manages the mall owes $259 million, casting a question mark over the future of the state’s largest shopping center.

Target 12 has learned that R.I. Superior Court Judge Brian Stern has granted a petition for receivership filed by U.S. Bank National Association, which represents multiple lending entities for the mall.

Joseph DiOrio, a well-known bankruptcy and creditors attorney representing the lenders, outlined the request in documents filed in court earlier this week.

See more at wpri.com.