Largest US Bankruptcies
When financial services company CIT Group announced they were filing for bankruptcy, the company joined the ranks of the largest companies in history to do so.
Take a look at ten of the biggest corporate filings in US bankruptcy court, based on pre-bankruptcy assets.
Source: BankruptcyData.com
Updated Nov. 2, 2009
Lehman Brothers
Pre-Bankruptcy Assets: $691 billion
Date Filed: Sept. 15, 2008
Washington Mutual
Assets: $327.9 billion
Date Filed: Sept. 26, 2008
WorldCom
Assets: $103.9 billion
Date Filed: July 21, 2002
General Motors
Pre-Bankruptcy Assets: $91 billion
Date Filed: June 1, 2009
CIT Group
Pre-Bankruptcy Assets: $71 billion
Date Filed: Nov. 1, 2009
Enron
Assets: $65.5 billion
Date Filed: Dec. 2, 2001
Related Content:
Enron: The Smartest Guys in the Room
Conseco
Assets: $61.4 billion
Date Filed: Dec. 17, 2002
Chrysler
Pre-Bankruptcy Assets: $39.3 billion
Date Filed: April 30, 2009
Thornburg Mortgage
Pre-Bankruptcy Assets: $36.5 billion
Date Filed: May 1, 2009
Pacific Gas and Electric
Assets: $36.2 billion
Date Filed: April 6, 2001