Will this ever end? The economy seems like it's in a funk. The patient is recovering from cancer, only to find out that it has heart problems. What's next? TERMINAL brain damage.
CIT files for bankruptcy as part of reorganization plan – Nov. 1, 2009
CIT files for 5th largest U.S. bankruptcy
Small business lender seeks court approval for a debt reorganization that has approval of bondholders.
It is not Citibank that filed for bankruptcy; it is CIT that filed for bankruptcy. Get your facts straight.
Yes, you are right. Sorry for my mistake.
The worst part about this situation is that CIT is the biggest lender to small businesses in the country. This will certainly delay the supposed economic recovery for some time.
Wow!!It is really a great info on this topic with have a nice article.I hear it is very hard to file for the type of bankruptcy where they abolish all of your debt. However, what about the type of bankruptcy where you pay back some of your debt? If you file this type of bankruptcy, will you definitely get accepted, even if you make a high income?