Lehman Brothers Holdings Inc.'s Chapter 11 filing is by far the largest corporate bankruptcy case in the U.S., measured by total assets before the filing. Lehman Brothers filed for Chapter 11 bankruptcy protection Monday after falling under the weight of $60 billion in soured real estate holdings. Its filing listed $639 billion in assets as of May 31.
The list includes the date of the company's bankruptcy filing and its assets at the time of filing. The Enron assets were taken from its quarterly Securities and Exchange Commission filing on Nov. 19, 2001; the company announced that the financials were under review at the time of filing for Chapter 11.
The amounts are not adjusted for inflation.
1. Lehman Brothers Holdings Inc., Sept. 15, 2008, $639 billion
2. Worldcom Inc., July 21, 2002, $103.91 billion
3. Enron Corp., Dec. 2, 2001, $63.39 billion
4. Conseco Inc., Dec. 18, 2002, $61.39 billion
5. Texaco Inc., April 12, 1987, $35.89 billion
6. Financial Corp. of America, Sept. 9, 1988, $33.86 billion
7. Refco Inc., Oct. 17, 2005, $33.33 billion
8. Global Crossing Ltd., Jan. 28, 2002, $30.19 billion
9. Pacific Gas and Electric Co., April 6, 2001, $29.77 billion
10. UAL Corp., Dec. 9, 2002, $25.2 billion
11. Delta Air Lines Inc., Sept. 14, 2005, $21.8 billion
12. Adelphia Communications, June 25, 2002, $21.5 billion
13. Mcorp, March 31, 1989, $20.23 billion
14. Mirant Corp., July 14, 2003, $19.42 billion
15. Delphi Corp., Oct. 8, 2005, $16.59 billion
___
Sources: New Generation Research Inc., AP research.
___
On the Net:
http://www.bankruptcydata.com
Terms & Conditions
RSS Headlines
Fool UK