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North America, Bankruptcy Timeline Monday, October 6     Author
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Lehman Bros files for bankruptcy
World News Business (412) Bankruptcy (39) North America
2005 (2) 2004 (1) 2003 (4) 2002 (14) 2001 (1)
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US government rescues insurer AIG


September 2008 ... more > Top ^

Sep. 16   Washington
  The Federal Reserve has announced an $85bn rescue package for the country's biggest insurance company, to save it from bankruptcy

Sep. 14   New York
  The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis
 The move threatens to deal a further blow to the global financial system


year 2005 Top ^

Sep.15   USA Delta, Northwest file for bankruptcy
  Planes will keep flying and frequent-flier miles will still be usable Mar.11   Canada Airline strands hundreds  The discount airline Jetsgo ceased operations and would seek court protection from its creditors

year 2004 Top ^

Feb.19   Texas   Ex-Enron CEO denies fraud charges
  Jeffrey Skilling pleaded not guilty to 36 charges, including multiple counts of insider trading, and securities fraud

year 2003 Top ^

Aug.3   New York Tyson files for bankruptcy  Former world heavyweight champion has filed for protection, claiming his finances are in disarray Jul.11   Texas   Enron creditors 'to lose four fifths'
  Creditors of bankrupt energy trader will receive less than a fifth of what they are owed, under a reorganisation plan Apr.25   USA American Airlines saved from the brink
  Airline had reached a last-minute deal with the Association of Professional Flight Attendants
Apr.16   New York American Airlines staff back survival plan  Flight attendants of the beleaguered airline have voted in favour of accepting a pay cut to help it stave off bankruptcy

year 2002 Top ^

Dec.17   USA Conseco in third biggest bankruptcy  Insurance and loans giant has filed the bankruptcy, with $6.5bn in outstanding debts, after reporting a loss of $1.77bn Dec.9   New York United flies into bankruptcy
  United Airlines filed for the largest bankruptcy in airline history, succumbing to continued losses and debt payments
Dec.5   USA United Airlines faces bankruptcy  Federal government threw out request for loan guarantees Oct.16   Washington   Enron auditor fined $500,000  Arthur Andersen has been sentenced to five years probation and given a $500,000 fine Aug.21   Washington   Ex-Enron executive pleads guilty
  Michael Kopper has pleaded guilty to charges of money laundering and wire fraud Aug.14   USA United Airlines warns of bankruptcy  The second-ranking US carrier, has warned it may follow rival US Airways in filing for bankruptcy protection Aug.8   USA WorldCom reveals new $3.3bn error  The scale of accounting errors at bankrupt telecommunications firm is almost double the level previously reported Jul.21   New York WorldCom files largest bankruptcy ever  Nation's No. 2 long-distance company in Chapter 11, largest with $107 billion in assets, after it improperly booked $3.9 billion Jun.27   Washington British bankers charged in Enron fraud  The Justice Department has charged 3 former British bankers with wire fraud in an alleged $7.3 million scheme   Washington WorldCom ex-CEO and CFO to testify  A House panel voted to subpoena four people to testify about the accounting scandal Jun.26   U.S. Congress Bush vows WorldCom inquiry  President, Congress and other federal regulators vowed to investigate WorldCom while analysts forecast bankruptcy Jun.3   San Francisco Bay Area Napster files for bankruptcy  Company pioneered the mass-market swapping of music online

year 2001 Top ^

Dec.2   Texas Enron in bankruptcy filing
  Energy-trading company filed for Chapter 11 protection




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