|
 |
May 21 - 28 |
Largest Bankruptcies, 1980–Present
| Rank |
Company |
Date |
Total assets pre-bankruptcy (in millions) |
| 1. |
Worldcom, Inc1 |
7/21/2002 |
$103,914 |
| 2. |
Enron Corp.2 |
12/2/2001 |
63,392 |
| 3. |
Conseco, Inc. |
12/18/02 |
61,392 |
| 4. |
Texaco, Inc. |
4/12/1987 |
35,892 |
| 5. |
Financial Corp. of America |
9/9/1988 |
33,864 |
| 6. |
Refco Inc. |
10/17/2005 |
33,333 |
| 7. |
Global Crossing Ltd. |
1/28/2002 |
30,185 |
| 8. |
Pacific Gas and Electric Co |
4/6/2001 |
29,770 |
| 9. |
Calpine Corp. |
12/20/2005 |
27,216 |
| 10. |
UAL Corp. (United Airlines) |
12/9/2002 |
25,197 |
|
|
1. Worldcom Inc. assets were taken from the audited annual report dated 12/31/2001. |
2. 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. |
|
Infoplease Daily Almanac
|
24 X 7
Private Tutor
|
24 x 7 Tutor Availability |
|
Unlimited Online Tutoring |
|
1-on-1 Tutoring |
|