NOTE: The case links below may be accessed by lexis.com subscribers. Non-subscribers may obtain research packages by the day, week, or month at lexisONE In Commercial and Residential Maintenance, Inc. v. Abblitt (In re Abblitt) , 2009 Bankr. LEXIS 4084 (Bankr. D. Or. Dec. 21
Also tagged abblitt, bankr-, may-obtain, month-at-lexisone, note, research-packages, residential, the-dayReuters – 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 …
Also tagged and-get, bankruptcy-process, bringing-the, cit, fast, file-for, group, has-met, hurdles, lower-its, moves-closer, one-step, sources-said, the-hurdlesReuters – Commercial lender CIT Group Inc , teetering on the brink of bankruptcy, said on Wednesday it has secured $4.5 billion of additional financing. Continued here: CIT secures $4.5 billion credit facility (Reuters) See the rest here: CIT secures $4.5 billion credit facility (Reuters)
Also tagged 4-5-billion, additional-financing-, brink, cit, credit-facility, group, has-secured, rest, said-on-wednesday, teetering-on-the, the-brink, the-rest, wednesdayNEW YORK (Reuters) – Commercial lender CIT Group Inc , teetering on the brink of bankruptcy, said on Wednesday it has secured $4.5 billion of additional financing. Go here to see the original: CIT secures $4.5 billion credit facility
Also tagged 4-5-billion, additional-financing-, brink, cit, credit-facility, group, has-secured, new, original, said-on-wednesday, see-the, teetering-on-the, the-brink, wednesdayWith $500 billion in debt due this year, building owners will go bankrupt. The vultures are already on the move The rest is here: Will REITs Feast on Commercial Real Estate’s Victims?
Also tagged 500-billion, already-on-the, building-owners, debt-due, estate, feast, feast-on-commercial, move-, the-move, victims, vultures-are, yearReuters – Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, weighed on by declines in the sector and a heavy debt load related to its leveraged buyout. Read the original post: Capmark Financial files for bankruptcy (Reuters) Originally posted here: Capmark Financial files for bankruptcy …
Also tagged a-heavy-debt, capmark-financial, filed-for, files-for, heavy-debt, its-leveraged, original, real-estate, the-originalA week before one of ex-Illinois Gov. Rod Blagojevich’s closest advisers was to go to prison for fraud, the commercial roofing .. Read more here: Blagojevich adviser death probed as possible suicide
Also tagged adviser-death, blagojevich, closest-advisers, illinois-gov-, more-here, possible-suicide, prison-for, probed-as-possible, the-commercial, week-beforeNEW YORK – (AP) Commercial lender CIT Group Inc. said Monday its offer to repurchase outstanding debt at a discount a crucial step to help stave off bankruptcy was successful. More: CIT Group wraps debt purchase, dodges bankruptcy
Also tagged a-crucial-step, cit, group, its-offer, monday, off-bankruptcy-, repurchase-outstanding, stave-off-bankruptcy, wraps-debtNEW YORK – (AP) Commercial lender CIT Group Inc., which is trying to avoid filing for bankruptcy protection, said Friday that it has received the remaining $1 billion available under a $3 billion credit agreement and is suspending preferred dividend payments. View post: CIT draws down credit, suspends preferred divs
Also tagged avoid-filing, dividend-payments-, draws-down, friday, group-inc-, has-received, new, remaining, the-remaining, yorkThe deal with key bondholders avoids an immediate day of reckoning for the commercial lender and is good news for the small businesses that depend on it. The $3-billion loan that CIT Group Inc. has stitched together to stave off bankruptcy should keep badly needed credit flowing for now to thousands of small and medium-size businesses — including many in Southern California.
Also tagged 3-billion-loan, deal-with, flowing-for, lender-and, needed-credit, reckoning-for, southern