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The 7 Largest Bankruptcies in U.S. History

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

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No. 6: Enron

Company value at time of bankruptcy: $65 billion

It wasn’t bad deals that killed Enron, but a bunch of bad eggs in the accounting department of the energy giant. Enron now is synonymous with cooking the books, and resulted in a host of new regulations, including Sarbanes Oxley, to help prevent “creative accounting” among publicly traded corporations. The total “value” of the company, if that word can be used, was about $65 billion at the time it went under. Parts of Enron still exist under different names and owners, but largely were sold off to satisfy creditors.

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

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