5 Bankrupt Companies That Came Back

4. Chrysler (part of Stellantis NV (NYSE:STLA))

One of two automobile companies on our list, Chrysler was affected by the auto-industry recession which was a direct consequence of the Great Recession. Even though it is still considered one of the three big automobile manufacturers in the United States, it very nearly met a premature demise when in 2009, it filed for a Chapter 11 bankruptcy based on its ability top operate on a going concern basis, which allowed it to restructure its debt as well as other negotiations. This also led to the corporation defaulting on around $4 billion in debt. The US Treasury invested around $12.5 billion in Chrysler to help it navigate this stretch, which resulted in the department losing around $1.3 billion when it sold the shares.

2019 Chrysler 300C