This was a banner decade for big bankruptcy.
Of the 20 largest corporate bankruptcy filings in history, all but three of them occurred in the last decade.
The 2000s featured three businesses with more than $100 billion in assets filing for bankruptcy. All the companies in the list here held more than $30 billion in assets.

Introduction

Citadel Broadcasting Corp., the third-largest radio broadcaster in the U.S., has filed for Chapter 11 bankruptcy protection, The Wall Street Journal reports.

Some units of ethanol producer Hawkeye Energy Holdings LLC have filed for Chapter 11 protection.

A discharge in bankruptcy “wipes the slate clean” by legally relieving the debtor off all obligation to pay certain debts. Remember that if you wish to retain property like a car or home, payments must be made after bankruptcy. The bankrupty discharge is mosy effective at eliminating credit card debt, medical bills and old tax obligations.

Fairfield Residential LLC, one of the largest developers in the U.S., has entered Chapter 11 protection, The Wall Street Journal reports.

Lighting-fixture and ceiling-fan provider Generation Brands has filed for bankruptcy protection, according to a company statement.

This is a paper which I presented to the ABI Winter Leadership Conference on December 4, 2009. I wrote this before the oral argument in Espinosa which is discussed in today's other post.I. Introduction

Nokia Siemens has asked a U.S. bankruptcy court to reject Ciena Corp. as the winning bidder for Nortel Networks’ optical networking and carrier Ethernet businesses, indicating that it could be willing to pay more, the Canadian Press reports.

Apparently I've been challenged to a duel wager. I say apparently, because this challenge was never delivered to me. Instead, it was posted to a website almost a month ago, which is a little odd for a serious bet. So...