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| Jun.1 |
 New York |
GM enters bankruptcy protection 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 |
 Detroit |
GM bosses discuss bankruptcy plan  | Senior executives at General Motors are meeting to discuss proceedings for expected filing for bankruptcy protection | |
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| May.27 |
Detroit |
GM ponders future as deal fails 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 |
Detroit |
Chrysler 'to file for bankruptcy' 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 |
USA |
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 |
 Antigua & Barbuda |
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 |
Washington |
 Obama predicts more bank failures 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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| Jan.9 |
 South Korea |
Automaker Ssangyong files for bankruptcy Ssangyong Motor Co., S. Korea's 5th largest automaker, filed for bankruptcy, citing the company's worsening finances
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| Jan.6 |
 Germany |
Billionaire Adolf Merckle kills self  Map of Ulm Germany One of the richest men in the world, committed suicide after his business empire got into trouble in the wake of the international financial crisis
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| Jan.3 |
 Austria |
 Austria takes over bank hit by Madoff The Austrian government has taken control of Bank Medici, a private bank with significant exposure to the alleged fraud by Bernard Madoff
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| Dec.25 |
 China |
Scandal-tainted Sanlu files for bankruptcy Sanlu Group, the company at the center of China's tainted infant formula scandal, has filed for bankruptcy
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| Dec.2 |
 U.S. Congress |
US carmakers publish rescue plans 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.29 |
 Denmark |
Sterling Airlines files for bankruptcy Danish-based low-cost carrier stops all passenger flights after its cash-strapped Icelandic investors were unable keep the company afloat
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| Oct.21 |
 Iceland |
Kaupthing Bank fails to pay interest Iceland's Kaupthing Bank fails to pay interest to its 50-billion-yen ($493 million) bondholders in Japan
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| Oct.8 |
Washington |
US warns of further bank failures 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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| Oct.4 |
Germany |
Another top European bank falters Germany's 2nd-largest mortgage lender, Hypo Real Estate, is teetering on the brink of collapse after a banking consortium withdrew from talks
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| Sep.16 |
Washington |
US government rescues insurer AIG 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 |
New York |
Lehman Bros files for bankruptcy 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
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| Aug.1 |
Moscow |
Yukos declared bankrupt by court
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| Sep.15 |
USA |
Delta, Northwest file for bankruptcy
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| Jun.25 |
Italy |
Parmalat founder to stand trial
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| Jun.13 |
South Korea |
Fugitive Daewoo boss surrenders
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| Apr.10 |
England |
MG Rover gets £6.5m loan lifeline
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| Apr.7 |
England |
End of the road near for MG Rover
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| Mar.11 |
Canada |
Airline strands hundreds
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| Dec.19 |
 Moscow |
Yukos unit fetches $9bn at auction Baikal Finance Group outbid favourite Gazprom to buy Yuganskneftegas. Yukos said that the auction was illegal
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| Nov.19 |
Russia |
Russia confirms Yukos break-up
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| Feb.19 |
Texas |
Ex-Enron CEO denies fraud charges
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| Jan.26 |
Italy |
Parmalat debt grows to 14bn euros
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| Jan.23 |
Italy |
Parmalat aide 'commits suicide'
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| Dec.23 |
Italy |
Path paved for Parmalat rescue
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| Aug.3 |
New York |
Tyson files for bankruptcy
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| Jul.11 |
Texas |
Enron creditors 'to lose four fifths'
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| Apr.25 |
USA |
American Airlines saved from the brink Airline had reached a last-minute deal with the Association of Professional Flight Attendants
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| 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
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| Aug.21 |
Washington |
Ex-Enron executive pleads guilty
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| 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
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| Jun.26 |
U.S. Congress |
Bush vows WorldCom inquiry
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| Mar.14 |
Washington |
Andersen indicted over Enron
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| Feb.4 |
Texas |
Former Enron chief quits board
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| Feb.3 |
U.S. Senate |
Enron's Lay refused to testify
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| Jan.23 |
Texas |
Enron chairman resigns
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| Jan.9 |
Washington |
Criminal inquiry into Enron collapse
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| Dec.2 |
Texas |
 Enron in bankruptcy filing| Energy-trading company filed for Chapter 11 protection | |
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San Francisco Bay Bankruptcy News Timeline