Commercial Bankruptcy News
MAJOR LENDERS BANKRUPTCY HAS IMPLICATIONS FOR ORINDA
November 3, 2009
ORINDA — The fallout from a major lending firm's bankruptcy filing is being felt in this small suburb far from Manhattan's towering skyscrapers. Orinda holds about $750,000 in commercial bonds from CIT Group, a New York-based lender that filed for Chapter 11 bankruptcy protection Sunday.
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