A look at the top 10 U.S. bankruptcies
November 01, 2009 6:02 PM
THE ASSOCIATED PRESS
CIT Group's filing for bankruptcy protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.
Company, Bankruptcy Date, Assets
- Lehman Brothers Holdings Inc., Sept. 15, 2008, $691.06 billion
- Washington Mutual Inc., Sept. 26, 2008, $327.91 billion
- WorldCom Inc., July 21, 2002, $103.91 billion
- General Motors Corp., June 1, 2009, $91.05 billion-x
- CIT Group Inc., Nov. 1, 2009, $71 billion
- Enron Corp., Dec. 2, 2001, $65.50 billion
- Conseco Inc., Dec. 17, 2002, $61.39 billion
- Chrysler LLC, April 30, 2009, $39.30 billion
- Thornburg Mortgage Inc., May 1, 2009, $36.52 billion
- Pacific Gas and Electric Co., April 6, 2001, $36.15 billion
x-GM listed $91.05 billion in assets in its annual report as of Dec. 31, 2008, but listed $82.29 billion in assets as of March 31, 2009, in its bankruptcy petition.
