The 7 Largest Bankruptcies in U.S. History

Kodak and AMR Corp. don't hold a candle to these flops

      View All  

No. 7: Conseco

Conseco The 7 Largest Bankruptcies in U.S. HistoryCompany value at time of bankruptcy: $61 billion

Insurer and financial firm Conseco was a little too aggressive with buyouts and acquisitions. Across the 1990s, it sucked up Colonial Penn and — most damningly — Green Tree Financial, a financier of mobile-home sales. It filed for bankruptcy in 2002 after the recession of the early aughts, with a total price tag of about $61 billion at the time it failed. The company re-emerged in 2003 and remains in operation as a privately held company. The holding company that is Conseco’s parent was renamed CNO Financial Group in 2010.


Article printed from InvestorPlace Media, http://investorplace.com/2012/01/7-largest-bankruptcies-in-us-history-lehman-brothers/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.