Friday, June 8, 2012

Top 10 bankruptcy victims of the 2008 Recession

From the link: http://www.thestar.com/business/article/656102--top-10-bankruptcy-victims-of-the-great-recession




1. Lehman Brothers Holdings Inc., New York,
bankruptcy filing Sept. 15, 2008, assets: $691 billion (U.S.), 26,000 employees.

2. Washington Mutual Inc., Seattle,
bankruptcy filing Sept. 26, 2008, assets: $328 billion (U.S.), 49,403 employees.

3. General Motors Corp., Detroit,
bankruptcy filing June 1, 2009, assets: $91 billion (U.S.), 91,000 employees.

4. Chrysler LLC, Auburn Hills, Mich.,
bankruptcy filing April 30, 2009, assets: $39 billion, 54,000 employees.

5. Thornburg Mortgage Inc., Santa Fe, N.M.,
bankruptcy filing April 1, 2009, assets: $37 billion (U.S.), 400 employees.

6. Nortel Networks Corp., Toronto,
bankruptcy filing Jan. 14, 2009, assets: $11.6 billion (U.S.), 32,000 employees.

7. AbitibiBowater Inc., Montreal,
bankruptcy filing April 16, 2009, assets: $9.9 billion (U.S.), 15,600 employees.

8. Tribune Co., Chicago,
bankruptcy filing Dec. 8, 2008, assets: $7.6 billion (U.S.), 16,000 employees.

9. Quebecor World Inc., Montreal,
bankruptcy filing Jan. 21, 2008, assets: $5.5 billion (U.S.), 28,000 employees.

10. Visteon Corp., Van Buren Township, Mich.,
bankruptcy filing May 28, 2009, assets: $4.6 billion (U.S.), 70,000 employees. Source: Company reports.

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