BUSINESS INFORMATION - Bankruptcy filing on Sunday by the CIT Group

BUSINESS INFORMATION - Bankruptcy filing on Sunday by the CIT Group, one small business lender of the largest in the United States, is the fifth largest corporate bankruptcy in the United States.

Here is a list of 20 largest U.S. bankruptcy filing since 1980, respectively, as quoted by AFP.


1. Lehman Brothers (bank) - September 15, 2008 to 691 billion dollars.

2. Washington Mutual (the bank) - September 26, 2008 to 327.9 billion dollars.

3. WorldCom (telecommunications) - July 21, 2008 - 103,9 billion dollars.

4. General Motors (cars) - 1 June 2008 to 91 billion dollars.

5. CIT (bank loans) - November 1, 2009 to 71 billion dollars.

6. Enron (energy trading) - December 2, 2001 to 65.5 billion dollars.

7. Conseco (insurance) - December 17, 2002 to 61.4 billion dollars.

8. Chrysler (cars) - April 30, 2009 to 39.3 billion dollars.

9. Pacific Gas and Electric (utility) - April 6, 2001 to 36.1 billion dollars.

10. Texaco (oil) - April 21, 1987 to 34.9 billion dollars.

11. Financial Corporation of America (the bank) - September 9, 1988 to 33.8 billion dollars.

12. Refco (trade) - October 17, 2005 to 33.3 billion dollars.

13. IndyMac (bank) - July 31, 2008 - 32,7 billion dollars.

14. Global Crossing (telecommunications) - January 28, 2002 to 30.1 billion dollars.

15. The Bank of New England (bank) - January 7, 1991 to 29.7 billion dollars.

16. Lyondell (Chemical, a subsidiary of the Dutch `LyondellBasell) - January 6, 2009 to 27.4 billion dollars.

17. Calpine (electric company) - December 20, 2005 to 27.2 billion dollars.

18. New Century Financial Corporation (trading) - 2 April, 2007-26,1 billion dollars.

19. United Airlines (airline) - December 9, 2002 to 25.2 billion dollars.

20. Colonial Bank (bank) - August 14, 2009 - 25 billion dollars.