Lehman Brothers, once the fourth largest investment company on Wall Street, was forced to file for bankruptcy protection last September. This is the largest company in the history of American bankruptcy filing. This is the biggest disaster that triggered the current economic recession. Due to the global influence of Lehman Brothers, its bankruptcy procedure is complicated and still in progress, so 80 small subsidiaries closed down.

2. Washington Mutual Bank

Washington Mutual was once the sixth largest bank in the United States. Last year, for fear that customers might be insolvent, they took 10 $600 million in deposits within10 days. The bank assets of the holding company were seized by the regulatory authorities and sold to JPMorgan Chase at a price of $654.38+09 billion.

3. General Motors

General Motors filed for bankruptcy, which is the largest industrial company seeking bankruptcy protection in American business history. The new company after bankruptcy and reorganization will continue to operate Chevrolet, Cadillac, Buick and GMC brands. The remaining underperforming brands such as Pontiac, Saturn, Hummer, Saab and Opel may be sold or closed. The US government will hold about 72.5% of the shares of the new company.

4、CIT

CIT went bankrupt in 2009. Founded in 1908, it is a well-known company. Before the bankruptcy of the company, the total assets were 7 1 billion dollars, and the total debts reached 64.9 billion dollars.

5. WorldCom

WorldCom's bankruptcy date was July 2, 20021day, and its assets were103.9 billion USD. The company was established in 1983, commonly known as long-distance service, and 1995 was renamed WorldCom. Several big mergers of this company have changed it. 1998 changed its name to MCI WorldCom.

These are well-known companies that closed down in the past 10. There are various reasons for bankruptcy.