Top 12 Largest Bankruptcies in US History

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No.1 Lehman Brothers

Lehman Brothers

The famous bank Lehman Brothers will remain the biggest bankrupt company, having assets valued at around $640 billion before the filing. The company collapsed in 2008 as a consequence of the financial crisis, but also because of malfeasance. Lehman Brothers was constantly using some accounting tricks in order to cover the instability of its financial situation.

See Also: Most Profitable Small Businesses, 10 Most Profitable Franchises in 2014, and Most Profitable Companies.

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