NEW YORK (Reuters) – CIT 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. Read more: CIT …
Tagged bankruptcy-process, bringing-the-commercial, commercial, fast, file-for, group, hurdles, least-one, sources-said, the-fast, the-hurdles, yorkReuters – CIT 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. Original post: CIT moves closer to …
Tagged commercial, commercial-lender, file-for, hurdles, moves-closer, one-step, the-fast, the-hurdlesNEW YORK (Reuters) – Billionaire investor Carl Icahn, who had been trying to derail CIT Group Inc’s efforts to launch a restructuring plan, said on Friday he was now backing the lender’s pre-packaged bankruptcy, making a filing as soon as this weekend more likely, analysts said. Continued here: CIT, Icahn …
Tagged been-trying, billionaire, cit, filing-as-soon, friday, group, icahn-, lender, more-likely, new, said-on-fridayReuters – Billionaire investor Carl Icahn, who had been trying to derail CIT Group Inc’s efforts to launch a restructuring plan, said on Friday he was now backing the lender’s pre-packaged bankruptcy, making a filing as soon as this weekend more likely, analysts said. Go here to read the … See …
Tagged analysts-said-, backing-the-lender, been-trying, billionaire, group, icahn-, said-on-friday, weekendChannel Outdoor, Inc. v. Knupfer, a case from the bankruptcy appellate panel for the Ninth Circuit that found that outside a plan of reorganization, 11 U.S.C Read the original post: Clear Channel Outdoor, Inc. v. Knupfer (In re PW, LLC), 391 B.R. 25 (B.A.P. 9th Cir. 2008)
Tagged a-case-from, clear, clear-channel, for-the, from-the-bankruptcy, llc, ninth, read-the-original, the-bankruptcySmall business lender CIT Group said Friday it was awaiting the outcome of a key bondholder vote that could ultimately push the troubled firm to file for bankruptcy. See the rest here: CIT’s fate still hangs in the balance Go here to read the rest: CIT’s fate still hangs in the balance
Tagged a-key-bondholder, business-lender, cit, friday, push-the, read-the, the-balance, the-outcomeCOLCHESTER, Vt. – (AP) FairPoint Communications says it expects to seek $30 million in concessions from unions as part of its Chapter 11 bankruptcy filing. FairPoint spokeswoman Beth Fastiggi says the company hasn’t determined where the cuts will be made. More: FairPoint plans to seek $30M in union concessions
Tagged bankruptcy-filing-, chapter, communications, cuts, fastiggi, from-unions, says-it-expects, the-cuts, union-concessionsNEW YORK – (AP) Delphi said Thursday that it reached a settlement in a lawsuit it filed last year against a hedge fund after it pulled out of a deal to lift the auto supplier out of bankruptcy protection. Delphi Spokesman Lindsey Williams confirmed Thursday that a settlement with A …
Tagged after-it-pulled, auto, delphi, lift-the, lift-the-auto, pulled-out, spokesman, year-against, yorkNEW YORK (Reuters) – CIT Group is likely to file for bankruptcy in the coming days, analysts and experts said. See the article here: CIT seen filing for bankruptcy in coming days Read more from the original source: CIT seen filing for bankruptcy in coming days
Tagged analysts-and, coming-days, experts-said-, file-for, for-bankruptcy, new, original, seen-filing, the-article, the-coming, yorkReuters – CIT Group is likely to file for bankruptcy in the coming days, analysts and experts said. See the original post here: CIT seen filing for bankruptcy in coming days (Reuters) Read the original here: CIT seen filing for bankruptcy in coming days (Reuters)
Tagged analysts-and, cit, coming, coming-days, experts-said-, file-for, for-bankruptcy, group, original, post-here, read-the-original, seen-filing, the-coming, the-original