10 Biggest Bankruptcies In History | GoodFinancial.info

10 Biggest Bankruptcies In History

It may be a distant memory now, but only a few years ago the financial world was awash with debt financing. Then along came a little thing called the ‘credit crunch’. Unsurprisingly, many organizations couldn’t meet their creditors and the rest is, well, history.

…E is an old, distinguished firm that supplied gas, hydroelectric and steam power to the nation. Following the deregulation of the electricity market somebody decided it would be a good idea to sell off their gas power plants, retaining only their hydroelectric resources. Big mistake. Over the next few years the company was forced to purchase gas from its competitors, buying at fluctuating market price and selling at a fixed rate to clients. Unsurprisingly, this just…

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10 Biggest Bankruptcies In History

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