FACTBOX - Largest U.S. bankruptcies

Mon, Nov 2 10:58 AM

Enlarge Photo People walk on Wall Street outside the New York Stock Exchange, in this March 2009...

CIT Group Inc, a major lender to small and mid-sized U.S. businesses, on Sunday filed for Chapter 11 bankruptcy protection.

The company had assets of $71 billion and total debt of $65 billion as of June 30, according to its petition filed in the U.S. bankruptcy court for the Southern District of New York.

The following is a list of large U.S. bankruptcies since 1980, according to court records and the website BankruptcyData.com:

COMPANY/YEAR TOTAL ASSETS

Lehman Brothers Holdings Inc (2008) $639,000,000,000 *

WorldCom Inc (2002) 103,914,000,000

General Motors Corp (2009) 91,047,000,000

CIT Group Inc (2009) 71,019,000,000

Enron Corp (2001) 65,503,000,000

Conseco Inc (2002) 61,392,000,000

Chrysler LLC (2009) 39,300,000,000

Pacific Gas and Electric Co (2001) 36,152,000,000

Texaco Inc (1987) 34,940,000,000

Financial Corp of America (1988) 33,864,000,000

Refco Inc (2005) 33,333,000,000

Washington Mutual Inc (2008) 32,900,000,000 *

IndyMac Bancorp Inc (2008) 32,734,000,000

Global Crossing Ltd (2002) 30,185,000,000

Bank of New England Corp (1991) 29,773,000,000

General Growth Properties Inc (2009) 29,560,000,000

* - from court documents

(Reporting by Jonathan Stempel and Anupreeta Das)

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