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    What is the largest industrial bankruptcy in US history?

    Question #106018. Asked by star_gazer. (Jun 01 09 4:09 PM)


    Tyger36

    		That would be today with the bankruptcy of GM

    http://www.telegraph.co.uk/finance/newsbysector/transport/general-motors/5402204/GM-prepares-for-biggest-bankruptcy-in-US-history.html

    Jun 01 09, 4:13 PM
    CapainNemo

    		I think its Lehman Brothers. Over $600bn

    http://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers

    BBC news article on GM puts it at 3rd behind Lehman Brothers and WorldCom.

    http://news.bbc.co.uk/2/hi/business/8075818.stm

    Jun 01 09, 4:16 PM
    zbeckabee

    		General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.

    GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 billion in debt and $82.29 billion in assets.

    http://www.chron.com/disp/story.mpl/front/6451802.html

    Jun 01 09, 7:14 PM

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