• lehman brothers

    The 10 Biggest Chapter 11 Bankruptcies In US History

    CNBC has put together a quick slideshow list of the top 10 largest Chapter 11 bankruptcy filings in US history based on the pre-bankruptcy assets of the companies in question. It really gives you a sense of the incredible scale of the Lehman Brothers filing — the next closest bankruptcy was Worldcom, which had $103.9 billion in assets before the filing — 535.1 BILLION DOLLARS less than Lehman Brothers. Damn.

    10. United Airlines
    Assets: $25.2 billion
    Date Filed: Dec. 9, 2002

    9. Pacific Gas and Electric
    Assets: $29.8 billion
    Date Filed: April 6, 2001

    8. Global Crossing
    Assets: $30.2 billion
    Date Filed: Jan. 28, 2002

    7. Refco
    Assets: $33.3 billion
    Date Filed: Oct. 17, 2005

    6. Financial Corp. of America
    Assets: $33.9 billion
    Date Filed: Sept. 9, 1988

    5. Texaco
    Assets: $35.9 billion
    Date Filed: April 12, 1987

    4. Conseco
    Assets: $61.4 billion
    Date Filed: Dec. 18, 2002

    3. Enron
    Assets: $63.4 billion
    Date Filed: Dec. 2, 2001

    2. Worldcom
    Assets: $103.9 billion
    Date Filed: July 21, 2002

    1. Lehman Brothers
    Pre-Bankruptcy Assets: $639 billion
    Date Filed: Sept. 15, 2008

    Biggest Chapter 11 Cases [CNBC]
    (Photo: epak )

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