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(Image from article: "CIT Group Files for Chapter 11 Bankruptcy Protection")

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WaMu Chapter 11 Plan Rejected Again, in Part

A bankruptcy judge rejected Washington Mutual's Chapter 11 plan for a second time, finding the company was too generous with senior creditors but not dismissing the central details of the plan.

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CIT Group Files for Chapter 11 Bankruptcy Protection

CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a US bailout and ...

Troubled CIT 'gets rescue deal'

CIT, the troubled American bank, approves a $3bn rescue loan from major shareholders to try to avoid bankruptcy, reports say.

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CIT talks to bondholders; bankruptcy still feared

CIT Group Inc is in talks with a group of bondholders for $2 billion to $3 billion in rescue financing as it tries hard to avoid bankruptcy, a source close to the company said late on Friday.

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