Corporate Bankruptcy Timeline
As the old saying goes the bigger they are the harder they fall. Recent economic events have proven this idiom true. Some of the largest companies in the world, like Worldcom, were over $100,000,000,000 in debt when they went under.
We have decided to take a look at some of the biggest corporations that filed bankruptcy in the last 20+ years.
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Corporate Bankruptcy Timeline
A summary of the largest corporate bankruptcy filings and their total pre-bankruptcy assets throughout time.
2009
- General Growth Properties (real estate): $29,557,000,000
- General Motors (automotive): $82,290,000,000
- Thornburg Mortgage (real estate): $36,521,000,000
- CIT Group (finance): $71,000,000,000
- Lyondell (chemicals): $27,392,000,000
- Chrysler (automotive): $39,300,000,000
2008
- Circuit City (retail): $3,400,000,000
- Lehman Brothers (financial): $691,063,000,000
- Linens ‘n Things (retail): $2,700,000,000
- Washington Mutual (financial): $327,913,000,000
- IndyMac Bancorp (financial): $32,734,000,000
2007
- New Century Financial (real estate): $26,147,000,000
2005
- Refco (financial): $33,333,000,000
- Delta Air Lines (travel): $21,801,000,000
- Calpine (energy): $27,216,000,000
2004
- K-B Toys (retail): $480,000,000
2003
- Pamalat Spa (food): $20,000,000,000
2002
- Worldcom, Inc (media): $103,914,000,000
- UAL Corporation (travel): $25,197,000,000
- Global Crossing (media): $30,185,000,000
- Conseco, Inc (financial): $61,392,000,000
1998
- Macy’s (retail): $1,300,000,000
1996
- Marvel (media): $3,400,000,000
1993
- Trump Plaza Hotel (leisure): $3,500,000,000
1992
- Luz International (energy): $850,000,000
1991
- Bank of New England (finance): $29,773,000,000
1988
- Financial Corp of American (finance): $33,864,000,000
1987
- Texaco (chemicals): $34,940,000,000
Presented by www.ClearBankruptcy.com
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