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CIT may still file for bankruptcy protection

July 22, 2009 – 8:34 am – No Comment

CIT may still file for bankruptcy protection

CIT Group Inc. said yesterday that it might still have to file for bankruptcy protection if there isn’t a strong presence of bondholders to participate in a debt exchange that was recently introduced.
CIT is a commercial lender, that is one of the country’s largest lenders …

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