 |
Largest Bankruptcies,
1980–Present
| Company |
Bankruptcy
date |
Total
assets
pre-bankruptcy
(in millions) |
| Worldcom, Inc.1 |
7/21/2002 |
$103,914 |
| Enron Corp.2 |
12/2/2001 |
63,392 |
| Conseco, Inc |
12/18/2002 |
61,392 |
| Texaco, Inc. |
4/12/1987 |
35,892 |
| Financial Corp. of America |
9/9/1988 |
33,864 |
| Refco Inc. |
10/17/2005 |
33,333 |
| Global Crossing Ltd. |
1/28/2002 |
30,185 |
| Pacific Gas and Electric Co. |
4/6/2001 |
29,770 |
| 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 |
18,828 |
| Delphi Corp. |
10/8/2005 |
16,593 |
| First Executive Corp. |
5/13/1991 |
15,193 |
| Gibraltar Financial Corp. |
2/8/1990 |
15,011 |
| Kmart Corp. |
1/22/2002 |
14,600 |
| FINOVA Group, Inc. (The) |
3/7/2001 |
14,050 |
| Northwest Airlines Corp. |
9/14/2005 |
14,042 |
| HomeFed Corp. |
10/22/1992 |
13,885 |
| Southeast Banking Corp. |
9/20/1991 |
13,390 |
| NTL, Inc. |
5/8/2002 |
13,003 |
| Reliance Group Holdings, Inc. |
6/12/2001 |
12,598 |
| Imperial Corp. of America |
2/28/1990 |
12,263 |
| NRG Energy, Inc. |
5/14/2003 |
10,884 |
| Federal-Mogul Corp. |
10/1/2001 |
10,150 |
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
Education, Inc. All rights reserved.
|
|
