Clock ticks on toward GM bankruptcy filing

CIT says bankruptcy filing still a possibility
CIT Group Inc. said in a regulatory filing Tuesday that it might have to file for bankruptcy protection if not enough bondholders participate in a recently launched debt exchange.

Lear, the Auto Parts Maker, Files Chapter 11
The maker of car seats, the Lear Corporation , said on Wednesday that it would file for bankruptcy protection in a reorganization supported by crucial secured lenders and bondholders and that...

New Objections May Delay G.M. Exit From Bankruptcy
A group of General Motors bondholders and some of the automaker’s labor unions objected to G.M.’s plan to sell its assets to a new company that could emerge from bankruptcy protection.

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