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?
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