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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 2013.

Company Bankruptcy
date
Total assets
pre-bankruptcy
(in millions)
Lehman Brothers Holdings, Inc. 9/15/2008 $691,063
Washington Mutual, Inc. 9/26/2008 327,913
Worldcom, Inc.1 7/21/2002 103,914
General Motors Corporation 6/1/2009 91,047
CIT Group Inc. 11/1/2009 80,448
Enron Corp.2 12/2/2001 65,503
Conseco, Inc. 12/17/2002 61,392
MF Global Holdings Ltd. 10/31/2011 40,541
Chrysler LLC 4/30/2009 39,940
Thornburg Mortgage, Inc. 5/1/2009 36,521
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
General Growth Properties, Inc. 4/16/2009 29,773
Lyondell Chemical Company 1/6/2009 27,392
Calpine Corp. 12/20/2005 27,216
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.
Source: New Generation Research, Inc. Web: www.bankruptcydata.com .

Information Please® Database, © 2008 Pearson Education, Inc. All rights reserved.

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