NEW YORK (Reuters) – CIT Group Inc is planning to offer its unsecured debt holders two options: either exchange their debt voluntarily, or face a prepackaged bankruptcy, sources close to the situation said on Wednesday.
Tagged Bankruptcy, BusinessReuters – CIT Group Inc is planning to offer its unsecured debt holders two options: either exchange their debt voluntarily, or face a prepackaged bankruptcy, sources close to the situation said on Wednesday.
Tagged Bankruptcy, BusinessFrontier Airlines set to come out of bankruptcy protection on Thursday as part of Republic
Tagged Bankruptcy, BusinessShares of CIT Group, one of the nation’s largest lenders to small businesses, plummeted 35% Wednesday after a newspaper article said the company will hand control to bondholders or file for bankruptcy.
Tagged Bankruptcy, BusinessCopycat rifles challenge the Russian weapons industry.
Tagged BusinessLAS VEGAS – (AP) A federal bankruptcy court in Miami will hear a motion Oct. 28 by lenders of the Fontainebleau Las Vegas seeking to convert the resort’s bankruptcy case to a liquidation. The U.S. Bankruptcy Court for the Southern District of Florida set the hearing Tuesday, four days after
Tagged BankruptcyCIT Group shares plunge in premarket amid report lender is again on brink of bankruptcy
Tagged Bankruptcy, BusinessNEW YORK — Sep. 15 — Schulte Roth & Zabel LLP has announced that Brian D. Pfeiffer has joined the firm as a partner in the Business Reorganization Group. Mr. Pfeiffer, who will be working in the New York office, was formerly a bankruptcy and restructuring partner in Fried, Frank, H
Tagged Bankruptcy, Businesshttp://www.smartmoney.com/Personal-Finance/Debt/10-Things-Bankruptcy-Court-Will-not-Tell-You/
Tagged BankruptcyAP – CIT Group Inc.’s shares soared Tuesday on a report that hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage lender IndyMac Federal Bank. But they plunged after-hours as a separate report said CIT is preparing a debt swap offer that could wipe out taxpayers’ investment or could file for bankruptcy protection.
Tagged Bankruptcy