The 10 Biggest Bankruptcies in History

Lehman, Worldcom, Enron top the list.

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This has been a week of superlatives. AIG: the biggest government bailout. Lehman: the biggest bankruptcy. Russia: the worst financial crisis since the country defaulted a decade ago (and now home to the world's cheapest stocks). What's more, the Dow Jones industrial average dropped to its lowest close in more than two years on Wednesday. And today, U.S. stocks rallied the most in six years.

Here's a list to cap the week off. The Consumerist posted a list of the 10 Biggest Chapter 11 Bankruptcies in U.S. History (culled from a CNBC slideshow and Bankruptcydata.com). Drum roll, please:

10. United Airlines


Assets: $25.2 billion
Date Filed: Dec. 9, 2002 9. Pacific Gas and Electric


Assets: $29.8 billion
Date Filed: April 6, 2001 8. Global Crossing


Assets: $30.2 billion
Date Filed: Jan. 28, 2002 7. Refco


Assets: $33.3 billion
Date Filed: Oct. 17, 2005 6. Financial Corp. of America


Assets: $33.9 billion
Date Filed: Sept. 9, 1988 5. Texaco


Assets: $35.9 billion
Date Filed: April 12, 1987 4. Conseco


Assets: $61.4 billion
Date Filed: Dec. 18, 2002 3. Enron


Assets: $63.4 billion
Date Filed: Dec. 2, 2001 2. Worldcom


Assets: $103.9 billion
Date Filed: July 21, 2002 1. Lehman Bros.


Pre-Bankruptcy Assets: $639 billion
Date Filed: Sept. 15, 2008


TAGS:
Wall Street
bankruptcy
Enron

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