Just imagine, that much amounts of money just vaporized into thin air at a cause of nothing.
|Company||Bankruptcy date||Total assets pre-bankruptcy (in millions)|
|Lehman Brothers Holdings, Inc.||9/15/2008||$691,063|
|Pacific Gas and Electric Co.||4/06/2001||$36,152|
|Financial Corp. of America||9/9/1988||$33,864|
|IndyMac Bancorp, Inc.||7/31/2008||$32,734|
|Global Crossing Ltd.||1/28/2002||$30,185|
|Bank of New England Corp.||1/7/1991||$29,773|
|New Century Financial Corp.||4/2/2007||$26,147|
|Delta Air Lines, Inc.||9/14/2005||$21,801|
|American Home Mortgage Investment Corp.||8/6/2007||$18,829|
1. Worldcom, Inc. assets taken from the audited annual report dated 12/31/2001.
2. The Enron assets were taken from the tax documents filed on 11/19/2001. The company has announced that the financials were under review at the time of filing for Chapter 11.