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Economy Watch: Capmark Files for Bankruptcy PDF Print E-mail
Tuesday, 27 October 2009 08:55
Major commercial real estate lender Capmark Financial Group Inc. and various subsidiaries have filed for Chapter 11 bankruptcy, which last month the company had warned was coming. The move will allow the Capmark to reorganize and, very likely, delay selling off some of its $20 billion-plus in assets at less-than-desirable prices.




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