  World News
  World Bankruptcy (48)
 USA (229)
  Business (215)
 Bankruptcy (31)
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2002 (11)
2001 (1)
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U. S. Midwest (6)
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| Nov.1 |
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CIT Group files for US bankruptcy New York: The lender has filed for bankruptcy protection, after a debt-exchange offer to bondholders failed. The reorganisation plan will reduce debt by $10bn
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| Oct.23 |
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US bank failures top 100 for year The number of US bank failures this year has topped more than 100 after federal regulators shut down a trio of small Florida banks
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| Jul.10 |
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Leaner GM emerges from bankruptcy Detroit: General Motors says it has emerged from bankruptcy protection after creating a 'new GM' made up of the carmaker's best assets
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| Jun.1 |
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GM enters bankruptcy protection New York: Car giant General Motors has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history
| General Motors had seen its losses widen following a steep fall in sales in recent years. US government expected to take a 60% stake in the company
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| May.31 |
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GM bosses discuss bankruptcy plan  Detroit: Senior executives at General Motors are meeting to discuss proceedings for expected filing for bankruptcy protection
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| May.27 |
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GM ponders future as deal fails Detroit: General Motors' battle to avoid bankruptcy has suffered a blow as bondholders have rejected a key part of the carmaker's restructuring plan
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| Apr.30 |
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Chrysler 'to file for bankruptcy' Detroit: Chrysler is to enter bankruptcy protection after failing to persuade a number of hedge funds to write off its debts
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| Mar.2 |
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AIG reports record $61.7bn loss| Insurance giant AIG has reported a loss of $61.7bn in the final three months of 2008 - the largest quarterly loss in corporate history | |
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| Feb.21 |
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Antigua & Barbuda seizes Stanford banks Antiguan and Barbudan regulators took control of U.S.financier financial institutions on the twin-island nation
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| Feb.2 |
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 Obama predicts more bank failures Washington: US President has warned that more US banks are likely to fail, as the full extent of their losses in the economic crisis becomes clear
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| Dec.2 |
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US carmakers publish rescue plans U.S. Congress: Chrysler, Ford and General Motors have all submitted their proposals for multi-billion dollar loans upon which their survival could depend
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| Oct.8 |
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US warns of further bank failures Washington: Treasury secretary Paulson has warned some banks will still fail despite the $700bn rescue package to shore up the financial system
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| Sep.16 |
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US government rescues insurer AIG | Washington: The Federal Reserve has announced an $85bn rescue package for the country's biggest insurance company, to save it from bankruptcy | |
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| Sep.14 |
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Lehman Bros files for bankruptcy New York: The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis
| The move dealed a further blow to the global financial system. It was a primary dealer in the U.S. Treasury securities market. The filing marked the largest bankruptcy in U.S. history
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| Sep.15 |
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Delta, Northwest file for bankruptcy
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| Feb.19 |
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 Ex-Enron CEO denies fraud charges Texas: Jeffrey Skilling pleaded not guilty to 36 charges, including multiple counts of insider trading, and securities fraud
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| Aug.3 |
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Tyson files for bankruptcy. New York
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| Jul.11 |
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Enron creditors 'to lose four fifths' Texas: Creditors of bankrupt energy trader will receive less than a fifth of what they are owed, under a reorganisation plan
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| Apr.25 |
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American Airlines saved from the brink Airline had reached a last-minute deal with the Association of Professional Flight Attendants
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| Apr.16 |
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American Airlines staff back survival plan. New York
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| Dec.17 |
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Conseco in third biggest bankruptcy
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| Dec.9 |
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United flies into bankruptcy New York: United Airlines filed for the largest bankruptcy in airline history, succumbing to continued losses and debt payments
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| Dec.5 |
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United Airlines faces bankruptcy
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| Aug.21 |
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Ex-Enron executive pleads guilty Washington: Michael Kopper has pleaded guilty to charges of money laundering and wire fraud
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| Jul.21 |
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WorldCom files largest bankruptcy ever New York: Nation's No. 2 long-distance company in Chapter 11, largest with $107 billion in assets, after it improperly booked $3.9 billion
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| Jun.26 |
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Bush vows WorldCom inquiry U.S. Congress: President, Congress and other federal regulators vowed to investigate WorldCom while analysts forecast bankruptcy
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| Mar.14 |
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Andersen indicted over Enron Washington: Accountancy firm at the centre of the Enron bankruptcy, has been indicted on the charge of obstruction of justice
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| Feb.4 |
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Former Enron chief quits board. Texas
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| Feb.3 |
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Enron's Lay refused to testify. U.S. Senate
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| Jan.23 |
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Enron chairman resigns. Texas
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| Jan.9 |
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Criminal inquiry into Enron collapse. Washington
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| Dec.2 |
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Enron in bankruptcy filing| Texas: Energy-trading company filed for Chapter 11 protection | |
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