Reuters – CIT Group Inc , the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing. Read the original: CIT has $1.07 billion loss before bankruptcy …
Also tagged 1-07-billion, chapter, cit, consumer-finance, group, large, last, loss-before, monday, period-prior, read-the-original, the-last, thirdTimes Online Orlando shooting suspect had recently filed for bankruptcy CNN Jason S. Rodriguez is accused of shooting six people, killing one of them, in an Orlando, Florida, office building. In bankruptcy filing, Jason S. Rodriguez listed assets at $4675, liabilities at $89873.31 Orlando, Florida (CNN) — The suspect …
Also tagged cnn, filed-for, florida, had-recently, jason, listed-assets, shooting-suspect, suspect, times-onlineCIT Group Inc. provides financing to about 1 million small and mid-sized businesses. Its bankruptcy filing Sunday could be one of the biggest in U.S. corporate history. The government lent CIT more than $2 billion a year ago. Taxpayers will probably lose that money as a result of the …
Also tagged and-mid-sized, biggest, cit, corporate-history, government-lent, group, group-inc-, million-small, provides-financing, the-COLCHESTER, 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. The company is in talks wit
Also tagged bankruptcy law center, chapter, communications, cuts, fastiggi, from-unions, point-communications, says-it-expects, says-the, talks-wit, the-cuts, unions-as-partWILMINGTON, Del. – (AP) A bankruptcy filing by the Catholic Diocese of Wilmington was the best way to ensure reconciliation and compensation for all victims of clergy sexual abuse in the diocese, the bishop said Monday. The diocese filed for Chapter 11 bankruptcy protection late S
Also tagged and-compensation, bankruptcy-protection, best-way, catholic, catholic-diocese, clergy-sexual, diocese-filed, ensure-reconciliation, the-bishop, wilmingtonReuters – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender. Read more from the original source: CIT debt swap could cost U.S. more than …
Also tagged 2-33-billion, aimed-at-averting, commercial-lender, debt-swap, from-the-original, group, lose-nearly, more-from, offer-aimed, original, the-original, the-troubled, troubledNEW YORK (Reuters) – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender. See the original post: CIT debt swap could cost U.S. more than $1.8 billion
Also tagged 1-8-billion, 2-33-billion, aimed-at-averting, cit, commercial-lender, debt-swap, exchanges-its, group, lose-nearly, new, offer-aimed, the-troubled, troubledThe company, a major lender to small and midsize businesses, offers bondholders a choice: a series of exchange offers or a potential prepackaged bankruptcy filing. Read this article: In Restructuring Effort, CIT Offers a Debt Exchange
Also tagged a-major-lender, a-potential-prepackaged, article, cit, exchange-offers, offers, offers-bondholders, restructuring, small-and(AP)Status of some of the newspaper publishers that have filed for bankruptcy protection: Star Tribune Holdings Corp. Heavy debt from Avista Capital Partners’ 2007 purchase of Star Tribune prompted Jan. 15 bankruptcy filing. Under reorganization plan, $490 million of debt to senior lenders would b
Also tagged 2007-purchase, 490-million, avista, avista-capital, corp-heavy, debt-from, for-bankruptcy, have-filed, newspaper, partners, the-newspaper, tribune, tribune-holdingsNEW YORK (Reuters) – U.S. lender CIT Group Inc said on Monday it secured a $3 billion credit facility from bondholders and would start a comprehensive restructuring, in moves seen crucial for the company to avoid a bankruptcy filing. See the original post here: CIT says secures $3 bln credit facility
Also tagged bln-credit, crucial-for, facility-from, group, monday, moves-seen, new, original, post-here, said-on-monday, says-secures, the-original, york