Rank: 1
Date of filing for bankruptcy protection: September 2008. 15. Asset size: 6.910 billion USD.
Lehman Brothers, once the fourth largest investment company on Wall Street, was forced to file for bankruptcy protection last September. This is the largest company in the history of bankruptcy filing in the United States, and it is also the biggest disaster that triggered the current economic recession. Due to the influence of Lehman Brothers all over the world, its bankruptcy procedure is complicated and still in progress, and 80 small subsidiaries have been closed.
Washington mutual bank
Rank: 2
Date of filing for bankruptcy protection: September 26th, 2008 Asset size: US$ 327.9 billion.
Washington Mutual was once the sixth largest bank in the United States. Last year, because customers were worried that they might be insolvent, they withdrew 10 $600 million in just10 days. The regulatory authorities seized the bank assets of the holding company and sold them to JPMorgan Chase at a price of $6,543.8+$90 million.
World communications Corp.
Grade: 3 Date of filing for bankruptcy protection: July 2, 20021
Asset size: US$ 654.38+US$ 003.9 billion.
WorldCom was once the second largest long-distance telephone company in the United States, and filed for bankruptcy protection because of the accounting scandal of 1 1 billion dollars.
general motors
Rank: 4
Date of filing for bankruptcy protection: June 2009 Asset size: 9 1 billion USD.
General Motors filed for bankruptcy, which is the largest industrial company seeking bankruptcy protection in American business history. The new company after bankruptcy and reorganization will continue to operate Chevrolet, Cadillac, Buick and GMC brands. Other underperforming brands such as Pontiac, Saturn, Hummer, Saab and Opel may be sold or closed down. The US government will hold about 72.5% of the shares of the new company.
Enron Corp.
Rank: 5
Date of filing for bankruptcy protection: 20065438+0 65438+February Asset size: US$ 65.5 billion.
Enron was once the largest energy, electricity and natural gas company in the United States. In 200 1 year, many senior executives of the company were exposed to many securities and accounting fraud incidents. Enron's financial scandal inspired the birth of Sarbanes-Oxley Act in 2002, which set new standards and practices for listed companies. In 2007, Enron changed its name to EnronCreditorsRecoveryCorp, trying to pay off the company's remaining assets.
Consek Corp.
Rank: 6
Date of filing for bankruptcy protection: 65438+February 2002 65438+July Asset size: 6 1 100 million USD.
Kangsai, a financial and insurance company, filed for bankruptcy because its total debt exceeded $8 billion.
Kreisler
Rank: 7
Date of filing for bankruptcy protection: April 30, 2009 Asset size: US$ 39 billion.
Chrysler entered bankruptcy protection in April this year, when it was the largest manufacturer in the history of bankruptcy protection application in the United States. After the reorganization, Chrysler is cooperating with Italian automaker Fiat. Two years ago, Chrysler was sold to burrows Capital Management, a private equity firm, which was owned by German automaker Daimler-Benz for nearly ten years.
Sangenberg mortgage company
Rank: 8
Date of filing for bankruptcy protection: May 2009 1 Asset size: USD 36.5 billion.
The "giant" mortgage company was hit by the subprime mortgage crisis, filed for bankruptcy protection and sold its remaining assets.
Pacific gas electric company
Rank: 9
Date of filing for bankruptcy protection: April 6, 2006. 5438+0 Asset size: US$ 36 billion.
From 2000 to 200 1 year, California was forced to file for bankruptcy in the energy supply crisis.
Texaco company
Rank: 10
Date of application for bankruptcy protection:1April 1987 12 Asset size: USD 34.9 billion.
Texaco Company won the M&A battle with Penzel Company for Getty Oil Company at a high price of 1984, which destroyed a completed transaction. Penzel sued Texaco and won damages of $654.38+000 billion. Texaco filed for bankruptcy protection because it was unable to pay compensation.