Top 10 Bankruptcies
With an estimated $89 million in assets before it filed for Chapter 11, General Motors has become the U.S.'s fourth largest bankruptcy, joining the ranks of fallen corporate behemoths like WorldCom and Enron
2002
$61 billion in pre-filing assets
Shares of Conseco, an Indiana-based finance and insurance company, once traded as high as $58, but they were worth less than $1 when the conglomerate declared bankruptcy. The company had racked up massive debt from multiple acquisitions and loans to officers to buy company stock. Conseco emerged from bankruptcy in 2003.
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