2000-2008

21 entries

Enron

Corporate BankruptcyFraud2001

Enron filed for bankruptcy on December 2, 2001, with 63.4 billion in assets, then the largest bankru...

WorldCom

Corporate BankruptcyFraud2002

WorldCom filed for bankruptcy on July 21, 2002, with 107 billion in assets, surpassing Enron as the ...

Northern Rock

Corporate BankruptcyBank Failure2007

Northern Rock was nationalized by the UK government in February 2008 after the first bank run in Bri...

Polaroid

Corporate BankruptcyCorporate Restructuring2001

Polaroid filed for Chapter 11 bankruptcy in October 2001. The instant photography pioneer had 13.4 b...

Argentina 2001

Sovereign DefaultSovereign Debt Crisis2001

Argentina defaulted on 93 billion in sovereign debt in December 2001, then the largest sovereign def...

Refco

Corporate BankruptcyFraud2005

Refco, one of the largest commodities brokers in the US, filed for bankruptcy on October 17, 2005, j...

HIH Insurance

Corporate BankruptcyFraud2001

HIH Insurance collapsed in March 2001 in what was then the largest corporate failure in Australian h...

Air Canada

Corporate BankruptcyAirline2003

Air Canada filed for bankruptcy protection on April 1, 2003. The airline was hit by SARS, the Iraq w...

Swissair

Corporate BankruptcyAirline2001

Swissair collapsed on October 2, 2001, in what became known as the grounding. The entire Swissair fl...

Ansett

Corporate BankruptcyAirline2001

Ansett Australia collapsed in September 2001. Ansett was one of the oldest airlines in the world, fo...

Refco Hidden Debts

Corporate BankruptcyFraud2005

Refco concealed its true financial condition through a complex scheme involving a related party. CEO...

Adelphia

Corporate BankruptcyFraud2002

Adelphia Communications filed for bankruptcy on June 25, 2002. The company was the fifth largest cab...

Tyco

Corporate BankruptcyFraud2002

Tyco International CEO Dennis Kozlowski was indicted in June 2002 for stealing 600 million from the ...

Global Crossing

Corporate BankruptcyTelecom2002

Global Crossing filed for bankruptcy on January 28, 2002, the fourth largest bankruptcy in US histor...

US Airways

Corporate BankruptcyAirline2002

US Airways filed for Chapter 11 bankruptcy on August 11, 2002. The airline had been hit by the Septe...

Delta Airlines

Corporate BankruptcyAirline2005

Delta Airlines filed for Chapter 11 bankruptcy on September 14, 2005. Delta was hit by high fuel cos...

United Airlines

Corporate BankruptcyAirline2002

United Airlines filed for Chapter 11 bankruptcy on December 9, 2002, the largest airline bankruptcy ...

Energy Trading Enron

Corporate BankruptcyEnergy2001

Enrons energy trading operation was the most profitable part of the company before the fraud was dis...

Acer

Corporate RestructuringTechnology2000

Acer Inc underwent a major restructuring in 2000 after losing 7.5 billion Taiwan dollars. Founder St...

Antrex

Corporate BankruptcyPharmaceutical2001

Bristol Myers Squibb wrote off 2 billion on the antidepressant Vanlafaxine after generic competition...

Malden Mills

Corporate BankruptcyManufacturing2001

Malden Mills, manufacturer of Polartec fleece, filed for Chapter 11 bankruptcy in November 2001. CEO...