Top 10 Largest Bankruptcy Filings in the US

Blain Reinkensmeyer

Posted on Mon 1st Jun, 2009 10:43:27 PM

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With General Motors filing for Bankruptcy it seems only appropriate to find out just where it ranks relative to other large bankruptcy filings in the US.

So after some searching I found a great list from CNN Money highlighting just that, a list of the 10 Largest US bankruptcies. The list is broken down according to total assets at time of bankruptcy.

1. Lehman Brothers Holdings on 9/15/08 with $691 Billion in Assets.
2. Washing Mutual on 9/26/08 with $327.9 Billion in Assets.
3. WorldCom on 7/21/02 with $103.9 Billion in Assets.
4. General Motors on 6/1/09 with $91 Billion in Assets.
5. Enron on 12/02/01 with $65.5 Billion in Assets.
6. Conseco on 12/17/02 with $61 Billion in Assets.
7. Chrysler on 4/30/09 with $39 Billion in Assets.
8. Thornburg Mortgage on 5/1/09 with $36.5 Billion in Assets.
9. Pacific Gas and Electric Co. 4/6/01 with $36 Billion in Assets.
10. Texaco on 4/12/87 with $34.9 Billion in Assets.

Fun fact: out of the 10 largest bankruptcy filings to date listed above, five have happened in the last year.

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Source:
The 10 Largest U.S. Bankruptcies
Christopher Tkaczyk
CNNMoney.com, June 1st, 2009