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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.
Guaranty Bank, Texas BBVA Compass, Alabama Savings and loan association [66] September 25, 2009: Colonial Bancgroup: Chapter 11 bankruptcy and liquidation Bank holding company [67] October 5, 2009: Hypo Alpe Adria Bank: Government of Austria: Bank, Mortgage lender [68] October 21, 2009: DSB Bank: Bank, Insurance [69] October 30, 2009: Cal ...
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 ...
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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 ...
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