Commercial lender CIT Group filed for Chapter 11 bankruptcy protection in New York court on Sunday. CIT specializes in lending to small and medium-sized businesses.
![](http://l.yimg.com/a/i/ww/news/2009/11/01/cit-pd.jpg)
CIT Group files for bankruptcy
One of the biggest Chapter 11 filings in U.S. corporate history could affect thousands of businesses.
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