Bankruptcy/Chapter 11 / Post-Bankruptcy Stocks
Largest Bankruptcies of All Time
The chart below reveals the largest historic bankruptcy
filings, as ranked by total pre-petition asset figures:
| Company | Filing Date | Description | Assets * |
| Lehman Brothers Holdings Inc. | 09/15/08 | Investment Bank | $691,063 |
| Washington Mutual, Inc. | 09/26/08 | Savings & Loan Holding Co. | $327,913 |
| WorldCom, Inc. | 07/21/02 | Telecommunications | $103,914 |
| General Motors Corporation | 06/01/09 | Manufactures & Sells Cars | $91,047 |
| CIT Group Inc. | 11/01/09 | Banking Holding Company | $80,448 |
| Enron Corp. | 12/02/01 | Energy Trading, Natural Gas | $65,503 |
| Conseco, Inc. | 12/17/02 | Financial Services Holding Co. | $61,392 |
| MF Global Holdings Ltd. | 10/31/11 | Commod. & Derivatives Broker | $40,541 |
| Chrysler LLC | 04/30/09 | Manufactures & Sells Cars | $39,300 |
| Thornburg Mortgage, Inc. | 05/01/09 | Residential Mortgage Lending | $36,521 |
| Pacific Gas and Electric Company | 04/06/01 | Electricity & Natural Gas | $36,152 |
| Texaco, Inc. | 04/12/87 | Petroleum & Petrochemicals | $34,940 |
| Financial Corp. of America | 09/09/88 | Finan. Svcs./Savings & Loans | $33,864 |
| Refco Inc. | 10/17/05 | Brokerage Services | $33,333 |
| IndyMac Bancorp, Inc. | 07/31/08 | Bank Holding Company | $32,734 |
| Global Crossing, Ltd. | 01/28/02 | Global Telecom. Carrier | $30,185 |
| Bank of New England Corp. | 01/07/91 | Interstate Bank Holding Co. | $29,773 |
| General Growth Properties, Inc. | 04/16/09 | Real Estate Investment Com. | $29,557 |
| Lyondell Chemical Company | 01/06/09 | Global Mfg. of Chemicals | $27,392 |
| Calpine Corporation | 12/20/05 | Integrated Power Company | $27,216 |
| * Assets in $mil | |||
Profit from The Turnaround Letter's...
- Market-Beating Investment Results
- 25+ Years of Turnaround Experience
- Diverse Stock Picks for Today's Unpredictable Market
TLCorner
Time to Pay the Piper: 7 Strategies to Minimize Tax Pain
“No taxes can be devised which are not more or less inconvenient and unpleasant.” ~ George Washington
Read More.
Europe’s Not Out of the Woods Yet, But…
The latest banking crisis in Europe, this time in the tiny island nation of Cyprus, shows that the continent has not yet truly solved its financial problems. It has only applied a series of band-aids that have temporarily averted disaster, but have not yet provided a firmer long-term footing for the Euro-bloc. There could be another crisis of confidence at almost any time, with Italy and Spain being the most likely instigators.
Read More.
What did The Turnaround Letter see that others did not?
Questions & Tips
AskGeorge
Why are you still recommending MGIC?
I don’t normally comment on individual stocks in this particular blog, but the MGIC situation represents a basic investment principle that is worthy of discussion here.
Read More.How important are Price-to-Earnings (P/E) ratios in evaluating turnaround stocks?
Price-to-Earnings ratios are probably the most widely used tool for comparing the relative values of different stocks.
Read More.Does the poor performance of the stock market in May indicate that the U.S. is headed for a new recession?
This question comes up frequently when the market takes a dip.
Read More.
