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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 October 2008.

Company	Bankruptcy date	Total assets pre-bankruptcy (in millions)
Lehman Brothers Holdings, Inc.	9/15/2008	$691,063
Worldcom, Inc.¹	7/21/2002	$103,914
Enron Corp.²	12/2/2001	65,503
Conesco, Inc.	12/17/2002	61,392
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
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	18,829
NTL, Inc.	5/8/2002	16,834

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 .

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