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Largest U.S. Bankruptcies,
1980–Present
Below is a list of the largest bankruptcy filings in U.S. history, as
of October 2008.
| 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.
Information Please® Database, © 2008 Pearson
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