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After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
A list of companies, governmental and quasi-governmental agencies (government-sponsored enterprises), and/or non-profit organizations involved in the various economic and financial crises of 2007–2008.
Type of company bankrupt or closed Ref. April 27, 2007: Sharebuilders Federal Credit Union, Northridge, California: closed and liquidated by NCUA credit union [36] November 2, 2007: Green Tree Credit Union, Feasterville, Pennsylvania: closed and liquidated by NCUA; a portion of the assets were transferred to Freedom Credit Union, Warminster ...
The telehealth orthodontics company shut down in December, less than three months after filing for Chapter 11 bankruptcy. The company sold teeth aligners, with the typical course taking 4-6 months.
Perhaps best known for its late-night informercials, the at-home gym equipment maker filed for bankruptcy in March. It emerged from Chapter 11 a few months later, signing a deal with a Taiwan ...
Bankrupt Bitwise companies owe creditors at least $511 million – not counting unpaid wages ... is the subject of a lawsuit by a Texas company that claims a 95% majority ownership stake of the ...
In separate testimony to the Financial Crisis Inquiry Commission, officers of Clayton Holdings, the largest residential loan due diligence and securitization surveillance company in the United States and Europe, testified that Clayton's review of over 900,000 mortgages issued from January 2006 to June 2007 revealed that scarcely 54% of the ...
In this article we are going to list the 15 biggest companies that went bankrupt. Click to skip ahead and jump to the 5 biggest companies that went bankrupt. Look, while we all hate the ultra-rich ...