Useless Fact: Largest Bankruptcy In U.S. History

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Largest Bankruptcy In U.S. History

Finance & Business

After disclosing that it had hidden $3.8 billion in operating expenses, embattled WorldCom finally succumbed to chapter 11, bankruptcy on July 21, 2002. WorldCom, the largest telecommunications provider in the world, has $107 billion in assets and listed $40 billion in debts in liabilities.

Posted: 2002-07-22 4:54:24 PM

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2002-07-17	Finance & Business	LTV Corporation Bankruptcy Largest In US History
2002-06-26	Finance & Business	Telecom Giant Admits Hiding $3.8 Billion In Expenses