Small Business Bankruptcy Links

You’re the Boss Blog: A Weekly Roundup of Small-Business News

Plus: Do you read fiction? Does it help?

CIT Planning Bond Offering to Help Redeem $2.5 Billion of ‘High-Cost Debt’

CIT Group Inc. (CIT) is marketing bonds for the second time since emerging from bankruptcy in December 2009 as the small-business lender led by John Thain pays back $2.5 billion of “high-cost debt” this quarter.

First Person: When Does the IRS Require a New EIN for a Small Business?

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This Week in Small Business: Destroying the Internet

Plus: Have you thought about renaming your products or services lately?

Martino creditor can’t sell wrecked gyro…yet

A federal judge today ruled that a creditor in Troubleshooter Tom Martino’s personal bankruptcy case couldn’t sell the wrecked gyroplane he bought from the radio personality, saying the rules of evidence trumped the creditor’s financial dilemma forcing the sale. In what amounts to a small victory in Martino’s ongoing battle to beat back a variety [...]