USA

123 entries

Lehman Brothers

Corporate BankruptcyFinancial Crisis2008

Lehman Brothers filed for Chapter 11 bankruptcy on September 15, 2008, the largest bankruptcy filing...

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 ...

General Motors

Corporate BankruptcyAuto Industry2009

General Motors filed for Chapter 11 bankruptcy on June 1, 2009, with 82.3 billion in assets. GM was ...

Chrysler

Corporate BankruptcyAuto Industry2009

Chrysler filed for Chapter 11 bankruptcy on April 30, 2009. The US government provided 8 billion in ...

Washington Mutual

Corporate BankruptcyBank Failure2008

Washington Mutual filed for bankruptcy on September 26, 2008, the largest bank failure in US history...

Silicon Valley Bank

Corporate BankruptcyBank Failure2023

Silicon Valley Bank failed on March 10, 2023, the second largest bank failure in US history with 209...

Signature Bank

Corporate BankruptcyBank Failure2023

Signature Bank was closed by New York state regulators on March 12, 2023, two days after SVB. Signat...

First Republic

Corporate BankruptcyBank Failure2023

First Republic Bank was seized by the FDIC on May 1, 2023, and sold to JPMorgan Chase. First Republi...

Bear Stearns

Corporate BankruptcyFinancial Crisis2008

Bear Stearns collapsed in March 2008, six months before Lehman. Bear Stearns was the fifth largest i...

Bernie Madoff

Personal BankruptcyFraud2008

Bernie Madoff operated the largest Ponzi scheme in history, estimated at 65 billion in paper wealth....

FTX

Corporate BankruptcyFraud2022

FTX, once the third largest cryptocurrency exchange, filed for bankruptcy on November 11, 2022. Foun...

Theranos

Corporate BankruptcyFraud2018

Theranos was valued at 9 billion before collapsing when it was revealed that its blood testing techn...

Kodak

Corporate BankruptcyCorporate Restructuring2012

Eastman Kodak filed for Chapter 11 bankruptcy on January 19, 2012. Kodak had once dominated the phot...

Sears

Corporate BankruptcyRetail2018

Sears Holdings, once the largest retailer in the world, filed for Chapter 11 bankruptcy on October 1...

Toys R Us

Corporate BankruptcyRetail2017

Toys R Us filed for Chapter 11 bankruptcy on September 19, 2017, with 6.6 billion in debt. The compa...

Bed Bath Beyond

Corporate BankruptcyRetail2023

Bed Bath and Beyond filed for Chapter 11 bankruptcy on April 23, 2023. The home goods retailer opera...

Blockbuster

Corporate BankruptcyCorporate Restructuring2010

Blockbuster filed for bankruptcy on September 23, 2010, with 1 billion in debt. Blockbuster had 9,00...

Polaroid

Corporate BankruptcyCorporate Restructuring2001

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

Borders

Corporate BankruptcyRetail2011

Borders Group filed for Chapter 11 bankruptcy on February 16, 2011. Borders operated 642 superstores...

Circuit City

Corporate BankruptcyRetail2008

Circuit City filed for Chapter 11 bankruptcy on November 10, 2008, with 3.8 billion in debt. Circuit...

Detroit

Municipal BankruptcyCity2013

The City of Detroit filed for Chapter 9 bankruptcy on July 18, 2013, the largest municipal bankruptc...

Puerto Rico

Municipal BankruptcyTerritory2017

Puerto Rico filed for bankruptcy in May 2017 under PROMESA, a 2016 federal law that created a restru...

Orange County

Municipal BankruptcyCounty1994

Orange County, California filed for Chapter 9 bankruptcy on December 6, 1994, the largest municipal ...

Jefferson County

Municipal BankruptcyCounty2011

Jefferson County, Alabama filed for Chapter 9 bankruptcy on November 9, 2011, with 4.2 billion in de...

Continental Illinois

Bank FailureFinancial Crisis1984

Continental Illinois National Bank failed in 1984 in what was then the largest bank failure in US hi...

Penn Square

Bank FailureOil1982

Penn Square Bank of Oklahoma City failed on July 5, 1982. The bank had 470 million in assets. Penn S...

Savings Loan Crisis

Industry CollapseRegulatory1989

The Savings and Loan Crisis of the 1980s and early 1990s resulted in the failure of over 1,000 savin...

Long Term Capital Management

Fund CollapseFinancial Crisis1998

Long Term Capital Management was a hedge fund founded in 1994 by John Meriwether, formerly of Salomo...

WeWork

Corporate RestructuringCorporate2019

WeWork withdrew its IPO in September 2019 after investors questioned its business model and corporat...

Yellow Corp

Corporate BankruptcyTransportation2023

Yellow Corporation, one of the largest trucking companies in the US, filed for Chapter 11 bankruptcy...

Revlon

Corporate BankruptcyCorporate2022

Revlon filed for Chapter 11 bankruptcy on June 15, 2022. The cosmetics company had 3.5 billion in de...

Celsius Network

Corporate BankruptcyCryptocurrency2022

Celsius Network, a cryptocurrency lending platform, filed for Chapter 11 bankruptcy on July 13, 2022...

Voyager Digital

Corporate BankruptcyCryptocurrency2022

Voyager Digital filed for bankruptcy on July 5, 2022, a week before Celsius. The crypto brokerage ha...

BlockFi

Corporate BankruptcyCryptocurrency2022

BlockFi filed for Chapter 11 bankruptcy on November 28, 2022, shortly after the FTX collapse. BlockF...

PG&E

Corporate BankruptcyUtility2019

Pacific Gas and Electric filed for Chapter 11 bankruptcy on January 29, 2019, facing approximately 3...

Texaco

Corporate BankruptcyLegal1987

Texaco filed for Chapter 11 bankruptcy on April 12, 1987, to avoid posting a bond while appealing a ...

Manville

Corporate BankruptcyLegal1982

Johns-Manville filed for Chapter 11 bankruptcy on August 26, 1982. Manville was the largest manufact...

Drexel Burnham

Corporate BankruptcyFraud1990

Drexel Burnham Lambert filed for bankruptcy on February 13, 1990. Drexel was the fifth largest inves...

Refco

Corporate BankruptcyFraud2005

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

AIG

Corporate RestructuringFinancial Crisis2008

AIG received a 182 billion government bailout in September 2008. The insurance giant had sold credit...

Citigroup Bailout

Corporate RestructuringFinancial Crisis2008

Citigroup received 45 billion in TARP capital injections plus a government guarantee on 306 billion ...

Bank of America Merrill

Corporate RestructuringFinancial Crisis2008

Bank of America acquired Merrill Lynch on January 1, 2009 for approximately 50 billion. The deal was...

Countrywide

Corporate RestructuringSubprime2008

Countrywide Financial, the largest mortgage lender in the US, was acquired by Bank of America in Jan...

IndyMac

Bank FailureSubprime2008

IndyMac Bank failed on July 11, 2008, the fourth largest bank failure in US history at the time. Ind...

Wachovia

Corporate RestructuringFinancial Crisis2008

Wachovia was acquired by Wells Fargo in October 2008 for 15 billion in stock, avoiding collapse. Wac...

Merrill Lynch Standalone

Corporate RestructuringFinancial Crisis2008

Merrill Lynch was acquired by Bank of America in September 2008 before it could fail. Merrill had lo...

MF Global

Corporate BankruptcyFraud2011

MF Global filed for bankruptcy on October 31, 2011. The brokerage was led by Jon Corzine, former CEO...

Peregrine Financial

Corporate BankruptcyFraud2012

Peregrine Financial Group, also known as PFG Best, filed for bankruptcy on July 10, 2012. CEO Russel...

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 ...

American Airlines

Corporate BankruptcyAirline2011

American Airlines filed for Chapter 11 bankruptcy on November 29, 2011. American was the last major ...

Southwest Fuel Hedge

Corporate RestructuringAirline2008

Southwest Airlines was one of the few major US airlines that did not file for bankruptcy in the 2000...

JCPenney

Corporate BankruptcyRetail2020

JCPenney filed for Chapter 11 bankruptcy on May 15, 2020. The department store chain had 12 billion ...

Neiman Marcus

Corporate BankruptcyRetail2020

Neiman Marcus filed for Chapter 11 bankruptcy on May 7, 2020. The luxury department store had 5 bill...

Lord Taylor

Corporate BankruptcyRetail2020

Lord and Taylor, the oldest department store chain in the US, filed for bankruptcy in August 2020. F...

Century 21

Corporate BankruptcyRetail2020

Century 21 Department Stores filed for bankruptcy on September 10, 2020. The discount retailer had 1...

GNC

Corporate BankruptcyRetail2020

GNC Holdings, the vitamin and supplement retailer, filed for Chapter 11 bankruptcy on June 23, 2020....

24 Hour Fitness

Corporate BankruptcyFitness2020

24 Hour Fitness filed for Chapter 11 bankruptcy on June 15, 2020. The gym chain had approximately 43...

Gold Gym

Corporate BankruptcyFitness2020

Gold Gym International filed for Chapter 11 bankruptcy on May 4, 2020. Founded in 1965 in Venice Cal...

Hertz

Corporate BankruptcyTravel2020

Hertz Global Holdings filed for Chapter 11 bankruptcy on May 22, 2020. The car rental company had 19...

Whitewater Whitewater

Regulatory ShutdownScandal1980

Whitewater was a failed real estate investment involving Bill and Hillary Clinton. The Clintons part...

Energy Future Holdings

Corporate BankruptcyEnergy2014

Energy Future Holdings, formerly TXU, filed for Chapter 11 bankruptcy on April 29, 2014. EFH had 40 ...

Caesars Entertainment

Corporate RestructuringHospitality2009

Caesars Entertainment, formerly Harrahs Entertainment, filed for Chapter 11 bankruptcy on January 15...

Windstream

Corporate BankruptcyTelecom2019

Windstream Holdings filed for Chapter 11 bankruptcy on February 25, 2019. The telecommunications com...

Frontier Communications

Corporate BankruptcyTelecom2020

Frontier Communications filed for Chapter 11 bankruptcy on April 14, 2020. The telecom company had 1...

Westinghouse Electric

Corporate BankruptcyEnergy2017

Westinghouse Electric Company filed for Chapter 11 bankruptcy on March 29, 2017. The nuclear power c...

Energy Trading Enron

Corporate BankruptcyEnergy2001

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

Mervyns

Corporate BankruptcyRetail2008

Mervyns was a mid range department store chain that filed for Chapter 11 bankruptcy on July 29, 2008...

Sharper Image

Corporate BankruptcyRetail2008

The Sharper Image filed for Chapter 11 bankruptcy on February 19, 2008. The gadget and novelty retai...

Linens N Things

Corporate BankruptcyRetail2008

Linens N Things filed for Chapter 11 bankruptcy on May 2, 2008. The home goods retailer had 589 stor...

Columbia House

Corporate BankruptcyRetail2015

Columbia House, the mail order music and movie club, filed for Chapter 11 bankruptcy on August 10, 2...

PacSun

Corporate BankruptcyRetail2016

Pacific Sunwear, known as PacSun, filed for Chapter 11 bankruptcy on April 7, 2016. The teen apparel...

Motorola Mobility

Corporate RestructuringTechnology2012

Motorola Mobility was acquired by Google in May 2012 for 12.5 billion. Google wanted Motorolas paten...

Yahoo

Corporate RestructuringTechnology2017

Yahoo was acquired by Verizon in June 2017 for 4.48 billion, a fraction of its peak value of 125 bil...

SunEdison

Corporate BankruptcyEnergy2016

SunEdison Inc filed for Chapter 11 bankruptcy on April 21, 2016. The renewable energy company had be...

Patriot Coal

Corporate BankruptcyMining2012

Patriot Coal filed for Chapter 11 bankruptcy on July 9, 2012. Patriot had been spun off from Peabody...

Peabody Energy

Corporate BankruptcyMining2016

Peabody Energy, the largest private sector coal company in the world, filed for Chapter 11 bankruptc...

Murray Energy

Corporate BankruptcyMining2019

Murray Energy, the largest privately owned coal company in the US, filed for Chapter 11 bankruptcy o...

Antrex

Corporate BankruptcyPharmaceutical2001

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

Solyndra

Corporate BankruptcyEnergy2011

Solyndra filed for bankruptcy on September 6, 2011. The solar panel manufacturer had received a 535 ...

FFunction Inc

Corporate BankruptcyTechnology2019

Fab.com burned through 336 million in venture capital before pivoting and selling for parts. The fla...

Quibi

Corporate BankruptcyTechnology2020

Quibi, short for quick bites, launched in April 2020 and shut down in December 2020, one of the fast...

MoviePass

Corporate BankruptcyTechnology2019

MoviePass filed for bankruptcy on January 28, 2020. The subscription movie ticket service had offere...

Brandless

Corporate BankruptcyRetail2020

Brandless shut down in February 2020 after raising 295 million. The direct to consumer startup sold ...

Zume Pizza

Corporate BankruptcyTechnology2020

Zume Pizza shut down in January 2020 after raising 445 million. The startup used robots to make pizz...

Wag

Corporate BankruptcyTechnology2019

Wag, the dog walking startup, was rescued by SoftBank Vision Fund with a 300 million investment in 2...

Better com

Corporate RestructuringTechnology2021

Better com, the digital mortgage lender, laid off 900 employees on a Zoom call in December 2021, one...

Fast

Corporate BankruptcyTechnology2022

Fast, a one click checkout startup, shut down in April 2022 after burning through 120 million. The s...

Celsius Mining

Corporate BankruptcyCryptocurrency2022

Celsius Mining, the bitcoin mining subsidiary of Celsius Network, filed for bankruptcy alongside its...

Genesis Trading

Corporate BankruptcyCryptocurrency2023

Genesis Global Capital, the crypto lending arm of Digital Currency Group, filed for Chapter 11 bankr...

Voyager Settlement

Corporate RestructuringCryptocurrency2023

Voyager Digital settled with the FTC in 2023 for misleading customers about FDIC insurance. The sett...

FTX Recovery

Corporate RestructuringCryptocurrency2024

The FTX bankruptcy estate recovered approximately 14 billion for creditors by 2024, a remarkable out...

Rite Aid

Corporate BankruptcyRetail2023

Rite Aid filed for Chapter 11 bankruptcy on October 15, 2023. The pharmacy chain had 2,100 stores an...

Party City

Corporate BankruptcyRetail2023

Party City filed for Chapter 11 bankruptcy on January 17, 2023. The party supply retailer had 800 st...

David Bridal

Corporate BankruptcyRetail2023

Davids Bridal filed for Chapter 11 bankruptcy on April 26, 2023. It was the second bankruptcy for th...

SVB Financial

Corporate BankruptcyBank Failure2023

SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy on M...

Synthetic Biologics

Corporate RestructuringPharmaceutical2020

Synthetic Biologics reverse split its stock 1 for 20 in 2020 to avoid NASDAQ delisting. The biotech ...

Mallinckrodt

Corporate BankruptcyPharmaceutical2023

Mallinckrodt PLC filed for Chapter 11 bankruptcy for the second time in August 2023. The specialty p...

Endo International

Corporate BankruptcyPharmaceutical2022

Endo International filed for Chapter 11 bankruptcy in August 2022. The pharmaceutical company had 8 ...

Purdue Pharma

Corporate BankruptcyPharmaceutical2021

Purdue Pharma, maker of OxyContin, filed for Chapter 11 bankruptcy in September 2019. Purdue had gen...

Insys Therapeutics

Corporate BankruptcyPharmaceutical2019

Insys Therapeutics filed for bankruptcy on June 24, 2019, shortly after founder John Kapoor was conv...

Theranos Investors Losses

Personal BankruptcyFraud2018

Theranos investors lost over 700 million. Rupert Murdoch lost 125 million. The Walton family lost 15...

Malden Mills

Corporate BankruptcyManufacturing2001

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

Drexel Legacy

Regulatory ShutdownFinancial Crisis1990

The collapse of Drexel Burnham Lambert had lasting effects on Wall Street. Michael Milken inspired a...

Bausch Strauss

Corporate BankruptcyPharmaceutical2018

Various pharmaceutical companies have filed for bankruptcy due to product liability. Johnson and Joh...

Celsius Recovery

Corporate RestructuringCryptocurrency2024

The Celsius bankruptcy estate created a novel restructuring plan that distributed cryptocurrency to ...

BlockFi Settlement

Corporate RestructuringCryptocurrency2023

BlockFi settled with the SEC and state regulators for 100 million in February 2022, before its bankr...

Rent the Runway

Corporate RestructuringRetail2022

Rent the Runway, the clothing rental service, went public in October 2021 at a 1.7 billion valuation...

Faraday Future

Corporate RestructuringAutomotive2024

Faraday Future, the electric vehicle startup, has survived multiple near bankruptcy experiences. Fou...

Nikola

Corporate RestructuringAutomotive2020

Nikola Corporation went public via SPAC in June 2020. The stock reached 93 per share, giving Nikola ...

Lordstown Motors

Corporate BankruptcyAutomotive2021

Lordstown Motors acquired the former GM assembly plant in Lordstown, Ohio in 2019. The company went ...

Proterra

Corporate BankruptcyAutomotive2023

Proterra, an electric bus and battery manufacturer, filed for Chapter 11 bankruptcy on August 7, 202...

Electric Last Mile

Corporate BankruptcyAutomotive2022

Electric Last Mile Solutions filed for bankruptcy in June 2022. The company had planned to import an...

Fisker

Corporate BankruptcyAutomotive2024

Fisker Inc filed for Chapter 11 bankruptcy on June 18, 2024. Founder Henrik Fisker had previously fo...

Canoo

Corporate BankruptcyAutomotive2024

Canoo, another EV SPAC, faced collapse in 2024. The company went public via SPAC in 2020 at a 2.4 bi...

Workhorse

Corporate RestructuringAutomotive2024

Workhorse Group, an electric delivery van manufacturer, has teetered on the edge of bankruptcy for y...

Rivian Cash Burn

Corporate RestructuringAutomotive2022

Rivian Automotive burned over 6 billion in cash in 2022 alone. The company had raised approximately ...