Biggest bankruptcies of the decade

With General Motors falling into bankruptcy, the current economic crisis has accounted for five out of the ten biggest ever bankruptcies in the US.

The five bankruptcies in the current economic crisis together account for assets worth about $1.2 trillion, against about $250 billion of the remaining five.

Making the current crisis even worse, the five new entrants to this dubious league account for more than 80 per cent of the top ten in terms of the asset size of the bankrupt companies.

Text compiled by V.R. Vinod Kumar

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