5 Biggest Bankruptcies in American History

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1. Lehman Brothers Holdings

Assets at time of bankruptcy (in millions): $691,063

Easily topping the list of the 21 biggest bankruptcies in American history is Lehman Brother Holdings, which will take some beating considering its assets were valued at nearly $700 billion at the time of collapse. Even now, only 6 banks hold more assets than Lehman Brothers did at the time of its collapse. Lehman Brothers collapsed in 2008 after its involvement in the subprime mortgage crisis which resulted in an exodus of customers and its share price crashing.

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