15 Biggest Companies That Went Bankrupt

7. Enron Corp

Total assets at the time of bankruptcy (in billions of dollars): 65.5

Date of bankruptcy:  December 2, 2001

One of the biggest accounting scandals in history saw the demise of two companies, Enron, which engaged in the scandal and Arthur Anderson, the audit firm which failed to catch the deception. Enron used widespread fraudulent accounting methods to deceive investors and failed to show correct accounting records, and when this was publicized, the company declared bankruptcy.

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