Credit Debt Repair

Posts Related to CIT may nab $10 billion credit line (CNN Money)

• Debt swap saves YRC from Chap. 11 (New York Post)

  US trucking giant YRC Worldwide yesterday said it averted bankruptcy by finally negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and ...

• CIT Amends $29 Billion Debt Swap to Avoid Collapse (Update1) (Bloomberg)

  Oct. 17 (Bloomberg) -- CIT Group Inc. , the 101-year-old commercial lender seeking to avoid collapse, changed the terms of its $29 billion debt exchange ...

• MTN Gets $1.35 Billion Credit Line to Replace Debt Used For Investcom Deal

  MTN Group Ltd. (MTN) , Africa’s largest mobile-phone company, obtained a $1.35 billion credit line to replace loans used for its 2006 acquisition of Investcom ...

• Deciding when to file for bankruptcy

  People can sometimes avoid bankruptcy if they seek help early enough, but other times they may not have much choice. Also, a variable annuity is ...