CIT Group Inc on Sunday filed a voluntary Chapter 11 petition seeking bankruptcy court protection from creditors. The filing, in a Manhattan bankruptcy court, is the fifth largest in US history after ...
WASHINGTON (AP) — 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 ...
CIT filed for Chapter 11 Sunday in the U.S. Bankruptcy Court in Manhattan, listing $71 billion in assets and $64.9 billion in debt. The filing ranks as one of the largest by a financial institution. A ...
NEW YORK (Reuters) - CIT Group , a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself ...
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