CIT Group Bankruptcy

- CIT Group filed for Chapter 11 bankruptcy protection http://dealbook.blogs.nytimes.com/2009/1...
- Filed on November 1, 2009 http://dealbook.blogs.nytimes.com/2009/1...
- CIT Group is a Fortune 500 finance company
- Provides financial services to individuals and small businesses
- Filed a so-called "prepackaged" bankruptcy package http://dealbook.blogs.nytimes.com/2009/1...
- Should emerge from court protection by the end of the year http://dealbook.blogs.nytimes.com/2009/1...
- Received a $2.3 billion bailout from the U.S. Government in 2008 http://dealbook.blogs.nytimes.com/2009/1...
- Unable to shed $30 billion in bond debt http://dealbook.blogs.nytimes.com/2009/1...

CIT Group, which provides financing to individuals and small businesses, filed for Chapter 11 bankruptcy on the afternoon of November 1, 2009. The "prepackaged" bankruptcy plan reportedly will allow the company to recover from protection by the end of the year.http://dealbook.blogs.nytimes.com/2009/11/01/cit-to-file-for-bankruptcy-soon/
CIT Group received a $2.3 billion bailout in 2008, but was unable to shed nearly $30 billion in bond debt, leading to the bankruptcy filing.http://dealbook.blogs.nytimes.com/2009/11/01/cit-to-file-for-bankruptcy-soon/

CIT Group Bankruptcy Links Powered by Google
- CIT Group Inc. News - The New York Times
  
  News about CIT Group Inc. Commentary and archival information about CIT Group Inc. from The New York Times.
  topics.nytimes.com
- CIT Group Closer to Bankruptcy as U.S. Denies Aid - washingtonpost.com
  washingtonpost.com
- Embattled CIT Group dodges bankruptcy - Stocks & economy- msnbc.com
  
  Commercial lender CIT Group Inc. said Monday its offer to repurchase outstanding debt at a discount — a crucial step to help stave off bankruptcy — was successful.
  msnbc.msn.com
- StreetInsider.com - CIT Group (CIT) Works On Bankruptcy Option
  
  StreetInsider.com - CIT Group (CIT) Works On Bankruptcy Option
  streetinsider.com
- Potential CIT Group Bankruptcy -- What It Could Mean to You | Main ...
  allbusiness.com
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CIT Group Bankruptcy News
- Berkshire Venture Wins Auction for Capmark Loan Unit
  
  Last year, he agreed to buy loans backing factory-built homes from CIT Group Inc. Capmark, owned by firms including KKR & Co. and Goldman Sachs Group Inc., ... (November 24, 2009)
  Bloomberg
- CIT Group's $500 Million Loan Agreement Is Approved
  
  23 (Bloomberg) -- CIT Group Inc., the bankrupt 101- year-old commercial lender, won court approval to borrow as much as $500 million to issue letters of ... (November 23, 2009)
  Bloomberg
- CIT Group Default Swaps Worth More Than Expected
  
  CIT filed for a prepackaged Chapter 11 bankruptcy earlier this month. This triggered payments on the century-old firm's credit default swaps contracts. ... (November 20, 2009)
  Wall Street Journal
- CIT Group bankruptcy imperils small business lending
  
  The weekend bankruptcy filing of CIT Group, a major lender to small businesses, darkened an already grim scene for companies seeking credit to continue ... (November 03, 2009)
  Newsday
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CIT Group Bankruptcy Blogs
- S&C Cleared for Entry in CIT Bankruptcy
  
  But CIT Group's initial bankruptcy petition said S&C would "act as special legal counsel to CIT going forward on certain corporate matters." Why the change from board to company counsel? According to three sour... (November 23, 2009)
  amlawdaily.typepad.com
- Why CIT Group's bankruptcy doesn't matter -- DailyFinance
  
  Unlike the Bush administration, Obama did not permit a $639 billion bankruptcy -- Lehman Brothers -- whose collapse nearly caused social chaos as people lost confidence in their money market funds. With today's CIT Group (C... (November 01, 2009)
  dailyfinance.com
- All About Work & Financial: CIT Group's $500 Million Loan ...
  
  23 (Bloomberg) -- CIT Group Inc., the bankrupt 101- year-old commercial lender, won court approval to borrow as much as $500 million to issue letters of credit that guarantee its debts. U.S. Bankruptcy Judge Allan Gropp... (November 23, 2009)
  guanteik.blogspot.com
- CIT Group Bankruptcy Affects Railcar Supplier | Journal of Commerce
  
  The largest customer for railcar builder American Railcar Industries is now bankrupt, but ARI says it believes the equipment finance operations of CIT Group will continue as normal while the fleet owner moves through that b... (November 05, 2009)
  joc.com
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Mahalo Answers for CIT Group Bankruptcy
- What is a prearranged bankruptcy? 1 Answer
  
  From a Tri-City Herald article on Charter: In a prearranged bankruptcy, a company enters into reorganization with a plan to emerge that has the approval of majo... read more
- How is life in Iceland after the bankruptcy? 1 Answer
  
  I read from the paper that it's a great time to travel there these days; most of the hotels, etc are 50% cheaper than usual. read more
- How do you find current bankruptcies online? 1 Answer
  
  Bankruptcy records are public information and can be found by a number of means. The best way is to contact the local/federal bankruptcy court that would be han... read more
- What is the Anicinape grouping? 1 Answer
  
  -quote- "Anishinaabe or Anishinabe—or more properly Anishinaabeg or Anishinabek, which is the plural form of the word—is a self-description often used by the Od... read more
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- Bankruptcy court approves $500 million loan agreement for CIT Group.
- CIT Group says bankruptcy plan wins wide support http://blodic.us/12586475038
- Sullivan & Cromwell Cleared for Entry in CIT Bankruptcy|A federal judge has approved CIT Group's motion to hire .. http://oohja.com/x2Lso
- CIT Group wins final bankruptcy court approval of $500M loan accord: http://bit.ly/kSPs9.
- Judge Allows CIT to Borrow Up to $500 Million: The CIT Group, a leading commercial lender, won bankruptcy court.. http://bit.ly/07qv1S6
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