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6 Nov 2009, 7:43 am
Chicago Partner Michael Gesas has been interviewed by various media outlets regarding the CIT Group, Inc. filing for Chapter 11 bankruptcy protection. [read post]
3 Nov 2009, 7:21 pm by Brad Sandler
On November 2, 2009, CIT Group, Inc., a leading provider of financing to small businesses and middle market companies, filed for bankruptcy in the United States Bankruptcy Court for the Southern District of New York. [read post]
8 Aug 2010, 9:59 pm
As the credit markets started to close for over a dozen companies, including Prudential Financial, CIT Group, and GMAC Inc., the firms began to get their funding for debt financing from retirees—reports Bloomberg in an August 2009 article. [read post]
23 Jan 2008, 7:32 am
Here’s how the filing describes it: On January 15, 2008, CIT Group Inc. [read post]
1 Nov 2009, 5:08 am
The conditions for consummating the exchange offers were not met.Accordingly, CIT's Board of Directors approved the Company to proceed with the voluntary filings for CIT Group Inc. and CIT Group Funding Company of Delaware LLC with the U.S. [read post]
14 Jul 2010, 8:37 am by Page Perry LLC
CIT Group Inc., GMAC Inc., Prudential Financial Inc., and over a dozen other financial institutions sold their bonds to individual investors after being spurned by their sophisticated institutional counterparties, according to an article by Zeke Faux titled “CIT Debt Sold to Widows Has Fine Print Pimco Resists,” Bloomberg. [read post]
5 Sep 2021, 12:57 pm by Larry
This time, I look at PrimeSource Building Products, Inc. v. [read post]
3 Nov 2009, 10:36 am by Chris Kramer
On the heels of bad news for small businesses with the bankruptcy of CIT Group Inc. comes news from The Wall Street Journal that business bankruptcy filings rose 7% in October, after falling for several consecutive months. [read post]
2 Jun 2010, 1:06 pm by Larry
A funny thing happened on the way to deciding BP Products America, Inc. v. [read post]
24 Jan 2010, 9:51 am by Bankruptcy Prof
By Lara Boyko, UWLA Law Student CIT Communications Finance Corporation v. [read post]
2 Apr 2021, 1:34 am
In early June 2014, SASCO assigned the CIT Deed of Trust to DLJ Mortgage Capital, Inc. [read post]