Forbes – Barneys New York Inc is eyeing a debt restructuring or bankruptcy filing under which its owner, Dubai’s Istithmar World Capital, may lose control of the high-end retailer, Bloomberg reported, citing people familiar with the matter.

Hedge fund Perry Capital LLC has been approached by Holt Renfrew, the Toronto-based department-store chain, about a joint offer for control of Barneys, according to the report.

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Tags: bankruptcy-filing, capital llc, debt restructuring, forbes, hedge fund

Reuters – The U.S. Federal Reserve has ordered CIT Group Inc, the cash-strapped corporate lender struggling to avoid bankruptcy, to submit a plan for raising capital and meeting debt obligations within 15 days.

The order from the powerful regulator comes as CIT, which on Monday again warned it may seek bankruptcy protection if debt restructuring efforts fall through, scrambles to line up new financing. CIT’s shares climbed by as much as 19 percent after it announced Wednesday’s order on Thursday.

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Tags: bankruptcy protection, cit group, cit group inc, debt obligations, debt restructuring, federal-reserve, reuters

Reuters – The U.S. Treasury raised its offer by $250 million (168.9 million pounds) in debt restructuring talks with Chrysler lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid bankruptcy, two people person briefed on the closed-door talks said.

The lenders had until 6 p.m. ET to vote on the offer, which was made late Wednesday afternoon, one of the sources said.

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Tags: bankruptcy, chrysler, debt restructuring, final push, lenders, reuters, u-s-treasury, wednesday afternoon