FACTBOX-Largest U.S. bankruptcies

Thu Apr 16, 2009 8:53am EDT

 April 16 (Reuters) - General Growth Properties Inc (GGP.N),
the second-largest U.S. mall owner, filed for bankruptcy
protection on Thursday as the credit crisis claimed its biggest
real estate victim.
 The company has assets of $29.56 billion and total debts of
$27.29 billion, according to its bankruptcy petition. General
Growth has warned since November that it may have to seek
protection from its creditors because it was unable to
refinance maturing mortgages. For related story click on
[ID:nLG526072]
 The following is a list of the largest U.S. bankruptcies
since 1980, according to court records and the website
BankruptcyData.com:
COMPANY/YEAR                          TOTAL ASSETS
Lehman Brothers Holdings Inc (2008)   $639,000,000,000 *
WorldCom Inc (2002)                    103,914,000,000
Enron Corp (2001)                       63,392,000,000
Conseco Inc (2002)                      61,392,000,000
Texaco Inc (1987)                       35,892,000,000
Financial Corp of America (1988)        33,864,000,000
Refco Inc (2005)                        33,333,172,000
Washington Mutual Inc (2008)            32,900,000,000 *
Global Crossing Ltd (2002)              30,185,000,000
Pacific Gas and Electric Co (2001)      29,770,000,000
General Growth Properties Inc (2009)    29,560,000,000 *
Lyondell Chemical Co (2009)             27,392,000,000
UAL Corp (2002)                         25,197,000,000
Delta Air Lines Inc (2005)              21,801,000,000
Adelphia Communications Corp (2002)     21,499,000,000
MCorp (1989)                            20,228,000,000
Mirant Corp (2003)                      19,415,000,000
Delphi Corp (2005)                      16,593,000,000
* - from court documents
 (Reporting by Christopher Kaufman and Jonathan Stempel)


Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.