Bankruptcy. Not Paying the Piper. Corporate Bankruptcy Facts. In March 2003, PWC forecasted that around 10,000 companies would file for Chapter 11 protection that year, down from a record 11,000 in 2002.
Not Paying the Piper
Source: Administrative Office of the U.S. Courts.
The Largest Bankruptcies 1980 – Present
* The Enron assets were taken from the 10-Q filed on 11/19/2001. The company has announced that the financials were under review at the time of filing for Chapter 11.
Source: BankruptcyData.comNew Generation Research, Inc. Boston, MA
The Largest Public Company Bankruptcies - 2003
* Assets are taken from most recent annual report prior to bankruptcy. Source: BankruptcyData.com