The Chapter 11 bankruptcy filing for CIT Group was not unexpected. The lender to thousands of small and mid-sized businesses has been struggling for months to avoid collapse. (Nov. 2) ... "cit group" cit group files chapter 11 protection
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AP sources have confirmed that CIT Group’s board has approved a deal with major bondholders involving a $3 billion rescue loan to keep it alive long enough to restructure its debt. (July 20)
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