CIT moves closer to pre-packaged bankruptcy approval
Posted by on Oct 30th, 2009CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health.
CIT Reaches Agreements to Ease Bankruptcy Filing
Posted by on Oct 30th, 2009A troubled lender could make a prepackaged bankruptcy filing as early as Sunday.
CIT Bonds Show Bankruptcy Inevitable as Swap Expires
Posted by on Oct 29th, 2009Oct. 29 — CIT Group Inc. bond and credit- default swap prices show that investors are betting the 101- year-old commercial lender will file for bankruptcy after a debt exchange expires today.
CIT seen filing for bankruptcy in coming days
Posted by on Oct 29th, 2009CIT Group is likely to file for bankruptcy in the coming days, analysts and experts said.
CIT Bonds Show Bankruptcy Inevitable as Swap Expires
Posted by on Oct 29th, 2009Oct. 29 — CIT Group Inc. bond and credit- default swap prices show that investors are betting the 101- year-old commercial lender will file for bankruptcy after a debt exchange expires today.
Centaur Subsidiaries File For Bankruptcy
Posted by on Oct 29th, 2009Two subsidiaries of the Centaur Corporation, which hoped to build a casino and racetrack in Lawrence County, have filed for Chapter 11 bankruptcy protection.
Centaur Subsidiaries File For Bankruptcy
Posted by on Oct 29th, 2009Two subsidiaries of the Centaur Corporation, which hoped to build a casino and racetrack in Lawrence County, have filed for Chapter 11 bankruptcy protection. Centaur had hoped to operate Valley View Downs and Casino on state Route 422
Bolsa Chica Boneyard Builder Brightwater Bankrupt
Posted by on Oct 29th, 2009We missed this yesterday, but still think you should know: The company that owns Brightwater — the company that wanted to build 300-something homes on Huntington Beach wetland — announced…
Resources Connection is buying Sitrick, Brincko
Posted by on Oct 29th, 2009The Irvine consulting firm is buying the high-profile Century City public relations firm and the Riverside consulting shop that advises bankrupt companies. An Irvine-based consulting firm is buying two Southland consulting shops, including high-profile Century City public relations firm Sitrick and Co., which has represented a raft of bankrupt corporations and image-challenged executives.
First Quench Retailing files for bankruptcy
Posted by on Oct 29th, 2009Britain’s First Quench Retailing Ltd., which operates some 1,300 stores across the U.K., said Thursday that it has filed for a form of bankruptcy.