1. Lehman Brothers Holdings Inc-$639 billion
The Lehman Brothers bankruptcy, is without a doubt, the largest bankruptcy ever: the size is estimated between $613 billion and $639 billion!
2. Worldcom Inc; $103.91 billion
Worldcom became America's second-largest long-distance company and the largest handler of Internet data. It is also the US's second largst bankruptcy ever at $103.91 billion!
3. Enron Corp; $63.39 billion
Fortune named it 'America's Most Innovative Company' for six consecutive years. It was on the Fortune's '100 Best Companies to Work for in America' list in 2000. It remains US's third largest bankruptcy till date: $63.39 billion.
4. Conseco Inc; $61.39 billion
Conseco became one of the largest US home lenders and personal insurers by the late 1990s. Unfortunately, it collapsed under the weight of debts caused by it ambitious expansion and mounting bad loans. At $61.39 billion, Conseco filed for what is US's 4th largest bankruptcy petition.
5. Texaco Inc; $35.89 billion
For many years, Texaco was the only company selling gasoline in all the 50 states of America.Texaco filed for bankruptcy, but continued to function under protection of US bankruptcy laws.
6. Financial Corp of America; $33.86 billion
7. Refco Inc; $33.33 billion; Oct. 17, 2005,
8. Global Crossing Ltd; $30.19 billion
9. Pacific Gas and Electric Co; $29.77 billion
10. UAL Corp; $25.2 billion
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