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 ...
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 ...
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 ...
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