Aug 12 US Airways Declares Bankruptcy US Airways, hit hard by high operating costs and the Sept. 11 terrorist attacks, filed for Chapter 11 protection Sunday, becoming the first major airline to declare bankruptcy since last fall. Continue reading
Dec 04 Enron Receives $1.5 Billion Emergency Funding One day after Enron files for the largest corporate bankruptcy in U.S. history, two major banks provide short-term rescue package for the collapsed energy giant and former Wall Street favorite. Continue reading
Dec 03 Former Energy Giant Files Largest Bankruptcy Claim In the largest corporate bankruptcy in U.S. history, Enron filed for creditor protection of its U.S. energy businesses. It also hit Dynegy with $10 billion suit for breach of contract yesterday; Dynegy responded Monday with a counter-suit. Continue reading