FACTBOX-Largest U.S. bankruptcies (CIT number 4)

[Joanne98]

NEW YORK, Nov 1 (Reuters) - CIT Group Inc (CIT.N), 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

http://www.reuters.com/article/marketsNews/idCNN0125453820091101?rpc=44