Largest U.S. Bankruptcies, 1980–Present

by Yang Yang on May 14, 2009

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
Worldcom, Inc.1 7/21/2002 $103,914
Enron Corp.2 12/2/2001 $65,503
Conesco, Inc. 12/17/2002 $61,392
Pacific Gas and Electric Co. 4/06/2001 $36,152
Texaco, Inc. 4/12/1987 $34,940
Financial Corp. of America 9/9/1988 $33,864
Refco Inc. 10/17/2005 $33,333
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
Calpine Corp. 12/20/2005 $27,216
New Century Financial Corp. 4/2/2007 $26,147
UAL Corp. 12/9/2002 $25,197
Delta Air Lines, Inc. 9/14/2005 $21,801
Adelphia Communications 6/25/2002 $21,499
MCorp. 3/31/1989 $20,228
Mirant Corp. 7/14/2003 $19,415
American Home Mortgage Investment Corp. 8/6/2007 $18,829
NTL, Inc. 5/8/2002 $16,834

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.

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