2008 Year in Bankruptcy, for the restructuring junkies
The law firm Jones Day does a good annual review of bankruptcy cases. It's free but requires a log-in: http://www.mondaq.com/article.asp?articleid=75256
Here's a list of 2008's biggest:
Largest Public Bankruptcies of 2008
Company
Filing Date
Court
Assets
Industry
Lehman Brothers Holdings Inc.
9/15/08
S.D.N.Y.
$691 billion
Investment Banking
Washington Mutual, Inc.
9/26/08
D. Del.
$328 billion
Banking
IndyMac Bancorp, Inc.
7/31/08
C.D. Cal.
$32.7 billion
Banking
Downey Financial Corp.
11/25/08
D. Del.
$13.4 billion
Banking
The Tribune Company
12/08/08
D. Del.
$13 billion
Media/Entertainment
Fremont General Corporation
6/18/08
C.D. Cal.
$12.9 billion
Financial Services
SemGroup, L.P.
7/22/08
D. Del.
$6.1 billion
Energy/Transportation
Franklin Bank Corp.
11/12/08
D. Del.
$5.5 billion
Banking
Luminent Mortgage Capital, Inc.
9/05/08
D. Md.
$4.7 billion
Real Estate Investment
PFF Bancorp, Inc.
12/05/08
D. Del.
$4.1 billion
Banking
Pilgrim's Pride Corporation
12/01/08
N.D. Tex.
$3.8 billion
Poultry Production
LandAmerica Fin. Group, Inc.
11/26/08
E.D. Va.
$3.8 billion
Insurance
Circuit City Stores, Inc.
11/10/08
E.D. Va.
$3.7 billion
Retail
WCI Communities, Inc.
8/04/08
D. Del.
$2.9 billion
Home Construction
TOUSA, Inc.
1/29/08
S.D. Fla.
$2.8 billion
Home Construction
VeraSun Energy Corporation
10/31/08
D. Del.
$1.8 billion
Energy
Linens 'n Things, Inc.
5/02/08
D. Del.
$1.7 billion
Retail
Tropicana Entertainment, LLC
5/05/08
D. Del.
$1.7 billion
Entertainment
Quebecor World (USA) Inc.
1/21/08
S.D.N.Y.
$1.7 billion
Print Media
Hawaiian Telcom Comms., Inc.
12/01/08
D. Del.
$1.6 billion
Telecommunications
SIRVA, Inc.
2/05/08
S.D.N.Y.
$1.4 billion
Transportation
Bally Total Fitness Holding Corp.
12/03/08
S.D.N.Y.
$1.4 billion
Entertainment
Integrity Bancshares, Inc.
10/10/08
N.D. Ga.
$1.3 billion
Banking
Chesapeake Corporation
12/29/08
E.D. Va.
$1.2 billion
Packaging Prods. Mfg.
Frontier Airlines Holdings, Inc.
4/10/08
S.D.N.Y.
$1 billion
Aviation
third of those are recurring bankruptcies
Thought the lingo was "chapter 22"
My company on this list has filed twice in the past 18 months...That might narrow it down to who it is...
.
LOL. way to be subtle
Who do we add for 2009? Charter, peanut corp of america, merticom, midway, ritz camera, trump entertainment, and a bunch of smaller companies, like Sharper Image and Lillian Vernon?
quite soon, Blockbuster to be added to the list?
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
AIG?
Esse ut maiores eius voluptatum nostrum laboriosam pariatur. Et nobis itaque rerum harum eos cumque a. Rerum debitis excepturi iure sed ut. Aut voluptate voluptatibus numquam soluta. Sit quia fugit nihil facere.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...