Reuters – A lender which claims it is owed millions by the Sex.com domain name operator is asking a U.S. bankruptcy court to dismiss an involuntary bankruptcy case against the company, so it can resume a foreclosure auction, according to new court documents
Also tagged against-the, bankruptcy-case, bankruptcy-court, domain-name, lender-which, new-court, owed-millions, sex-com, thrown-NEW YORK (Reuters) – CIT Group Inc’s new shares rose as much as 6 percent from opening levels in their debut on the New York Stock Exchange on Thursday as the lender to small businesses emerged from one of the largest bankruptcies in U.S. history.
Also tagged cit, debut, group, largest, new-shares, opening-levels, original, percent-from, stock, stock-exchange, the-largest, the-lender, thursdayThe Supreme Court will decide whether student loans may be forgiven in bankruptcy under certain circumstances.
Also tagged collect-the, francisco-espinosa, interest, minus-interest-, repayment-plan, supreme-court, whether-student, years-laterNEW YORK (Reuters) – Billionaire investor Carl Icahn, who had been trying to derail CIT Group Inc’s efforts to launch a restructuring plan, said on Friday he was now backing the lender’s pre-packaged bankruptcy, making a filing as soon as this weekend more likely, analysts said. Continued here: CIT, Icahn …
Also tagged analysts-said-, backing-the-lender, been-trying, billionaire, filing-as-soon, friday, group, icahn-, more-likely, new, weekend, yorkJudges are scrutinizing the methods lenders have used in foreclosures. One ruling eliminated a mortgage debt because the lender didn’t prove it held the note. Link: Fair Game: If Lenders Say ‘The Dog Ate Your Mortgage’ Read the original post: Fair Game: If Lenders Say ‘The Dog Ate Your Mortgage’
Also tagged are-scrutinizing, because-the, because-the-lender, held-the, lender-didn, lenders-, methods, note, prove-it-held, read-the-original, ruling-eliminated, rutinizing-the-methods, the-methods, the-originalNEW YORK – (AP) In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 billion lifeline. In a letter Monday to CIT’s board of directors, Icahn said he would give the company the loan to replace a debt …
Also tagged a-debt-, another-sign, billion-lifeline-, cit, debt, icahn-, its-debt, monday, new, offered-the, offered-the-lender, the-loan, yorkNEW YORK (Reuters) – CIT Group Inc said it has extended the contract of Chief Executive Jeffrey Peek for one year, even though his decisions to expand into risky businesses helped to push the lender to the brink of bankruptcy. Read this article: CIT extends CEO Peek’s contract for one …
Also tagged article, chief, chief-executive, decisions, even-though, expand-into, for-one, has-extended, his-decisions, jeffrey, push-the, push-the-lender, the-brink, yorkReuters – CIT Group Inc said it has extended the contract of Chief Executive Jeffrey Peek for one year, even though his decisions to expand into risky businesses helped to push the lender to the brink of bankruptcy. View original post here: CIT extends CEO Peek’s contract for one … Read …
Also tagged decisions, even-though, expand-into, group, jeffrey, original-post, push-the, push-the-lenderNEW YORK (Reuters) – CIT Group Inc amended a debt restructuring on Friday to lure more bondholders to tender their notes early, but the lender to 1 million companies said it could file for bankruptcy if the plan failed. Read the rest here: CIT amends debt offer to attract creditors Follow …
Also tagged a-debt-restructurin, but-the, cit, notes, read-the-rest, the-plan, tructuring-on-friday, yorkNEW YORK (Reuters) – CIT Group Inc said it may post a loss exceeding $1.5 billion for the second quarter and could file for bankruptcy protection if bondholders reject a debt restructuring, raising new fears that the lender to some 1 million businesses might fail. Continued here: CIT warns about bankruptcy
Also tagged 1-5-billion, a-debt-restructurin, for-the, may-post, might-fail-, protection-if-bondholders, raising-new