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Commonwealth Bank could loose over AU $ 40 million...

Commonwealth Bank Australia brings forward invoice allegations against Vicking Group, transport company (more…)

#bank#bankruptcy#invoice

Canadian business insolvencies down 22%

In 2010 Canadian business insolvencies fell by 22 per cent compared to 2009 (more…)

#bankruptcy#insolvencies#recession


Rise of bad debts to become real hazard for...

Non-performing loans tend to highlight the biggest threat to the state of the Greek banking systems as they continue to…

#bad debts#bank#bankruptcy


Noa Factoring AG (Quorum) bankrupt

The Noa Factoring AG (Quorum), Noa Bank GmbH Co. KG, Targas GmbH and Quorum Property Finance Ltd. have declared bankruptcy.…

#acquisition#bank#bankruptcy


Coface announces positive results for the first quarter

Coface has reported positive results for all of its businesses in the first quarter, announcing a (more…)

#bankruptcy#crisis#insurance


KCCI calls for extension of government SME finance program

The Korea Chamber of Commerce has called for the government to extend its financial program for small and medium-sized businesses…

#bankruptcy#economic recovery#funding


Bankruptcies at start of year double 2009 figure

The number of companies that became bankrupt doubled in the first two months of this year compared to the same…

#bank#bankruptcy#receivables


Factoring customers returning to CIT, states Vice Chairman

Factoring customers are beginning to return to CIT Commercial Services, according to a recent statement by CIT Group Vice Chairman…

#bankruptcy#CIT#CIT Commercial Services


CIT due in court to finalise restructure

CIT Group Plc will tomorrow confirm its plans for restructure in a hearing at the U.S. Bankruptcy Court for the…

#bankruptcy#CIT#CIT Commercial Services


CIT files for bankruptcy

CIT Group has filed for bankruptcy, it was announced today. (more…)

#bankruptcy#CIT#commercial finance


CIT extends exchange deadline

CIT Group have once again made alterations to the debt exchange offered to bondholders; the second change since the restructure…

#bankruptcy#CIT#interest rate


Icahn offers CIT loan

CIT have been offered a $6 billion loan from Carl Icahn, (more…)

#bank#bankruptcy#CIT

CIT revise debt exchange

In a regulatory filing released today, CIT Group have warned they may still have to file for bankruptcy, the Associated…

#bankruptcy#bonds#CIT

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