Tuesday, November 1, 2011

10 Great Corporate America is Bankrupt

Stock and futures brokerage MF Global trade is not the only giant U.S. companies that went bankrupt. Based on data from the United States file bankruptcy, Chapter 11, there are nine other large corporate collapse since last 10 years because of various reasons. Here's a list and arrangement based on the value of their assets:

1) Lehman Brothers Holdings, financial institutions, went bankrupt in September 2008, the value of assets of U.S. $ 691 billion.

2) Washington Mutual, the bank, went bankrupt in September 2008 with an asset value of U.S. $ 327.9 billion.

3) WorldCom, long-distance telephone provider, collapsed in July 2002 with an asset value of U.S. $ 103.9 billion.

4) General Motors, an automotive company, went bankrupt in June 2009 with assets of U.S. $ 91 billion.

5) CIT Group, a provider of medium-sized enterprises credit, filed for bankruptcy in November 2009 with assets of U.S. $ 80.4 billion.

6) Enron Group, turbine and engine factory, went bankrupt in 2001 with the value of assets of U.S. $ 65.5 billion.

7) Conseco, the financial institutions, went bankrupt in 2002 with an asset value of U.S. $ 61.4 billion.

8) Chrysler, car factory, went bankrupt in April 2009 with assets of U.S. $ 39.3 billion.

9) Thornburg Mortgage, financing and trading company, went bankrupt in May 2009 with an asset value of U.S. $ 36.5 billion.

10) Pacific Gas & Electric Co.., Oil and gas company, went bankrupt in 2001 with the value of assets of U.S. $ 36.15 billion.

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