bondholders

CIT Group (CIT) chairman and CEO Jeffrey Peek announced today that he plans to retire on December 31. The announcement comes right in the middle of closed-door negotiations as CIT tries to get bondholders to accept a massive debt swap or a prepackaged bankruptcy. If both options fail, CIT will head...

When an $8-billion company goes bankrupt, it's tempting to find someone to blame -- and all the more so when that company is headed by someone as rude, crass and personally unappealing as Sam Zell. Now the foundering media conglomerate's bondholders are targeting Zell, along with the investment...

Bondholders, who traditionally end up with the best deal in bankruptcy proceedings since they hold senior debt, appear to be losing out in both the Chrysler and GM bankruptcies. In an unusual twist, the government and employees will likely end up with a bigger share of the two companies as...