Top 10 Chapter 11 Bankruptcies Has a New #1

With the failure of investment bank giant Lehman Brothers, the top 10 largest
Chapter 11 bankruptcies in the history of the United States has a new—even
record-holding—top spot holder, beating the previous #1, Worldcom, by over $500
billion. Analysts say the new records will be constantly set as Lehman goes
through its reorganization and bankruptcy proceedings.

All dollar
amounts are pre-bankruptcy assets at the time of the Chapter 11 filing.

  1. United Airlines, $25.2 billion (2002)
  2. Pacific Gas and Electric, $29.8 billion (2001)
  3. Global Crossing, $30.2 billion (2002)
  4. Refco, $33.3 billion (2005)
  5. Financial Corp. of America, $33.9 billion (1988)
  6. Texaco, $35.9 billion (1987)
  7. Conseco, $61.4 billion (2002)
  8. Enron, $63.4 billion (2001)
  9. Worldcom, $103.9 billion (2002)
  10. Lehman Brothers, $639 billion (2008)

Samantha Blaum,
NACM staff writer

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