After months of haggling with creditors to avoid bankruptcy, the commercial lender CIT Group filed for Chapter 11 protection on Sunday. Bondholders rejected the company's proposed debt swap but accepted CIT's plan for reorganization. If all goes as planned, the commercial lender could drop $10 billion in debt and exit bankruptcy owned by its current bondholders by the end of the year.

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We are actively involved in this credit, please call or email Peter Aman for current market prices and/or more information about this situation.

We are also active in many other high yield and distressed corporate bonds.

Peter Aman

PAman@aps-financial.com

800-248-0630