USA Today reports on a new study of how personal bankruptcies are working their way up the socio-economic ladder, increasingly affecting better ... . More than 100,000 middle-class families filed for personal bankruptcy every month in 2007, says the report, which was provided to USA TODAY but will be released in a book next year. Those who filed in 2007 were in worse financial shape than those who ...

... profile filings, including Capmark Financial and CIT. Already, five big companies have filed in November. It remains unclear "how long the window will ... roll over their debt. Given rampant overcapacity everywhere, all this does is postpone the problems. Thus, bankruptcies will come later rather than sooner. However, as I have said before, as long as the corporate bond market remains healthy, ...

... profile filings, including Capmark Financial and CIT. Already, five big companies have filed in November. It remains unclear "how long the window will ... roll over their debt. Given rampant overcapacity everywhere, all this does is postpone the problems. Thus, bankruptcies will come later rather than sooner. However, as I have said before, as long as the corporate bond market remains healthy, ...

MiamiHerald.com CIT Files for one of the Largest Bankruptcies in US Corporate History ecPulse CIT filed for one of the biggest bankruptcy filings in the US corporate history, as a deal with its bondholders to ... FT Alphaville (blog) all 1,434 news articles » Source: CIT Files for one of the Largest Bankruptcies in US Corporate History - ecPulse

Tokyo, Japan COGwriter Another major USA bank has filed for bankruptcy protection: CIT Group Files Bankruptcy, Seeks to Reduce Debt (Update1) By Tiffany Kary and Dawn McCarty Nov. 2 (Bloomberg) — CIT Group Inc., the 101-year-old commercial lender that saw its funding dry up in the credit crunch, filed for bankruptcy in an effort to cut $10 billion in

... bankruptcy filings jumped in October, reversing two consecutive months of declining commercial filings and indicating that bankruptcies could continue to rise as the economy struggles to stabilize. Last month, 7,771 businesses filed for bankruptcy protection, compared to 7,271 that sought shelter from creditors in September, according ...