GE Cap tries to repossess jalopy jet

[Joelle]

GE Cap tries to repossess jalopy jet
      

General Electric Capital Corporation has asked the federal bankruptcy court in Delaware for permission to repossess bankrupt housewares retailer Gottschalks‘ Cessna Citation jet, which was used as collateral for a $3 million loan because Gottschalks has stopped making its monthly payments, according to court documents filed Thursday.
GE Cap said Gottschalks, which filed for Ch. 11 [...]
         

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