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Monday, April 15, 2024

It’s Official: CIT Is Toast

It’s Official: CIT Is Toast

Courtesy of Joe Weisenthal at Clusterstock

That’s that. CIT has filed for Chapter 11 bankruptcy. The filing was expected, and pre-packaged, and the commercial lender hopes to be back on its feet in two months.

Via DealBook, here’s the filing.

CIT Bankruptcy Petition

 

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