Nov 3rd, 2009 - cleveland
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Daniel Acker, Bloomberg NewsCIT headquarters in New York.Staff and wire reportsNEW YORK — CIT Group Inc., the bankrupt 101-year-old commercial lender, sought a judge's permission to borrow another $500 million and block some lenders' demands as it acknowledged challenges to a quick reorganization.
CIT on Monday asked U.S. Bankruptcy Judge Allan Gropper in Manhattan to set a confirmation hearing on its prepackaged reorganization plan as soon as possible after Dec. 1. CIT filed for bankruptcy protection Sunday, blaming losses on subprime mortgages and tightening credit markets.
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Lender CIT files for bankruptcy
Nov 2nd, 2009 - bizjournals
CIT Group Inc. filed for bankruptcy protection Sunday after its board of directors approved of a plan to reorganize the giant small business lender. The plan has also been approved by CIT's creditors...
US businesses at risk as lender CIT Group files for bankruptcy
Nov 2nd, 2009 - guardian.co.uk
Thousands of small and medium-sized businesses in the US face financial difficulties and could go out of business after lender CIT Group filed for bankruptcy protection last night.
Although the company will keep operating...CIT files for bankruptcy protection
Nov 1st, 2009 - USA Today
Small- and midsize-business financier CIT Group's bankruptcy protection filing Sunday could put most of its clients back into the precarious position the federal government was trying to prevent with its $2.
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9:10CIT: Lloyd Chapman on Fox Business News "Save CIT"
CIT Group Inc. has been the number one Small Business Administration (SBA) 7(a) lender for nine consecutive years. They have also been the top lender to women, minority and veteran owned small businesses for six consecutive years ...
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6:23GB Interviews Charles Payne On CIT Bankruptcy Avalanche
CIT Majority Lender to Small & Medium businesses, No Bailout for CIT, Medium to Small Businesses count for 99.9% of Jobs, So CIT bankruptcy could turn into an avalanch of Bankruptcy for all clients that need its lending to function. www.foxnews.com www.glennbeck.com
1:08Leading lender CIT files for bankruptcy despite government bailout
Leading lender CIT files for bankruptcy despite government bailout The CIT Group, one of the largest small-business lenders in the United States, filed for bankruptcy on Sunday to mark the fifth-largest corporate bankruptcy in ...
