Wednesday, September 17, 2008

Lehman Brothers: The 10 Biggest Chapter 11 Bankruptcies In US History

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."
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Damn, indeed. The $639 million bankruptcy of Lehman Brothers is SIX TIMES the size of the largest previous bankruptcy ever.

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