5 Largest Bankruptcies in American History

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1. Lehman Brothers Holdings

Total assets of the company at the time of bankruptcy (in millions): $691,063

Easily topping the list of the 15 biggest bankruptcies in American history is Lehman Brothers Holdings, the biggest casualty of the 2008 financial crisis. The global financial services firm was over 150 years old at the time of its demise, having been founded in 1850.

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