WASHINGTON — After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing ...
WASHINGTON — After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing ...
NEW YORK (Reuters) – CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself ...
The WSJ reporting that CIT, the lender to over 1 million small sized businesses, has hired Skadden Arps in preparation of a bankruptcy filing. The formerly largest competitor to GE Capital (GE) for ...
The CIT Group, Inc., a provider of financing to small businesses and mid-market companies, including healthcare providers and vendors, ended four months of frenzied negotiations by filing for Chapter ...
NEW YORK — CIT Group, a major lender to small and medium-size businesses, filed for bankruptcy protection Sunday, a process that almost certainly will wipe out the federal government’s $2.3 billion ...
CIT Group filed for Chapter 11 bankruptcy protection Sunday, in an effort to wipe away billions of dollars of debt after bondholders rejected an alternative debt-swap offer. The company, a major ...
The NYT has just announced that CIT Group has lost its battle to stave off bankruptcy. On Sunday afternoon, the company filed for Chapter 11 — but under a so-called prepackaged bankruptcy plan that ...
x-GM listed $91.05 billion in assets in its annual report as of Dec. 31, 2008, but listed $82.29 billion in assets as of March 31, 2009, in its bankruptcy petition. WASHINGTON -- After struggling for ...
WASHINGTON - Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses ...
WASHINGTON -- After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans ...