November 2, 2009
On Sunday, November 1, CIT Group, Inc. filed a prepackaged chapter 11 petition under which it will continue its core small- and midsize-business lending activities while attempting to regain its financial footing. CTI was the beneficiary of $2.3 billiion in taxpayer bailouts...
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October 30, 2009
On October 30, 2009, the U.S. Supreme Court will consider the issue presented in Schwab v. Reilly (08-538 Third Circuit) of whether the trustee in a chapter 7 proceeding is free to sell assets claimed as exempt by the debtor where the appraised value of those assets exceeds ...
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