A Look At The Top 10 US Bankruptcies
CIT Group's filing for Chapter 11 protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.
Company, Bankruptcy Date, Assets Lehman Brothers Holdings Inc., Sept. 15, 2008, $691.06 billion Washington Mutual Inc., Sept. 26, 2008, $327.91 billion WorldCom Inc., July 21, 2002, $103.91 billion General Motors Corp., June 1, 2009, $91.05 billion-x CIT Group Inc., Nov. 1, 2009, $71 billion Enron Corp., Dec. 2, 2001, $65.50 billion Conseco Inc., Dec. 17, 2002, $61.39 billion Chrysler LLC, April 30, 2009, $39.30 billion Thornburg Mortgage Inc., May 1, 2009, $36.52 billion Pacific Gas and Electric Co., April 6, 2001, $36.15 billion x-GM listed $91.05 billion in assets in its annual report as of Dec. 31, 2008, but listed $82.29 billion in assets as of March 31, 2009, in its bankruptcy petition.- Loading Comments...
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