The Top Ten  July 30 - August 6    

Largest Bankruptcies, 1980–Present

Rank Company Date Total assets
pre-bankruptcy
(in millions)
1. Worldcom, Inc1 7/21/2002 $103,914
2. Enron Corp.2 12/2/2001 63,392
3. Conseco, Inc. 12/18/02 61,392
4. Texaco, Inc. 4/12/1987 35,892
5. Financial Corp. of America 9/9/1988 33,864
6. Refco Inc. 10/17/2005 33,333
7. Global Crossing Ltd. 1/28/2002 30,185
8. Pacific Gas and Electric Co 4/6/2001 29,770
9. Calpine Corp. 12/20/2005 27,216
10. UAL Corp. (United Airlines) 12/9/2002 25,197
1. Worldcom Inc. assets were taken from the audited annual report dated 12/31/2001.
2. Enron assets were taken from the tax documents filed on 11/19/2001. The company has announced that the financials were under review at the time of filing for Chapter 11.

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