Today in Bankruptcy History

Historical Events

  • 1607-01-13 The Bank of Genoa fails after announcement of national bankruptcy in Spain.
  • 1811-02-20 Austria declares bankruptcy
  • 1922-07-06 Dutch auto/airplane manufacturer Trompenburg declares bankruptcy
  • 1953-10-07 Bill Veeck tells Browns stockholders he faces bankruptcy unless they drop their suit to block his move to Baltimore, they comply
  • 1970-03-31 Federal bankruptcy court allows Seattle Pilots to be sold to Milwaukee
  • 1970-04-01 Milwaukee Brewers Baseball Club, headed by Bud Selig, purchases the Seattle Pilots for $10,800,000 Although negotiations were conducted over a period of months, it was not until March 13 when a federal bankruptcy referee declared the Pilots bankrupt
  • 1979-05-23 Rocker Tom Petty files chapter 11 bankruptcy
  • 1980-03-31 The Chicago, Rock Island and Pacific railroad operates its final train after being ordered to liquidate its assets due to bankruptcy and debt owed to creditors.
  • 1982-02-05 British airline Laker Airways collapses owing 270M pounds ($351M)
  • 1982-05-13 Braniff Airlines files for bankruptcy

Event of interestEvent of Interest

1984-05-01 Mick Fleetwood (of Fleetwood Mac) files for bankruptcy

Musician Mick Fleetwood
Mick Fleetwood
  • 1985-02-19 ADM of Amsterdam declares bankruptcy
  • 1987-04-12 Texaco files for bankruptcy
  • 1989-03-09 Eastern Airlines files for bankruptcy
  • 1990-04-18 Bankruptcy court forces Frank Lorenzo to give up Eastern Airlines
  • 1990-06-04 Greyhound Bus files bankruptcy
  • 1991-07-11 Calumet Farm, home to 8 Kentucky Derby winners, files bankruptcy
  • 1991-10-10 Greyhound Bus ends bankruptcy
  • 1991-12-12 Orion Pictures filed Chapter 11 for bankruptcy protection
  • 1993-05-24 Kim Basinger files for bankruptcy to avoid paying $7.4M settlement
  • 1994-03-18 Zsa Zsa Gabor files for bankruptcy
  • 1994-12-06 Orange County California files for bankruptcy
  • 2001-10-11 The Polaroid Corporation files for federal bankruptcy protection.
  • 2001-12-02 Enron files for Chapter 11 bankruptcy in the Southern District of New York
  • 2002-01-22 Kmart Corp becomes the largest retailer in United States history to file for Chapter 11 bankruptcy protection.
  • 2002-07-21 Telecom giant WorldCom files for Chapter 11 bankruptcy protection in the largest such filing in United States history.
  • 2003-10-31 A bankruptcy court approves MCI's reorganization plans, essentially clearing the telecommunications company to exit bankruptcy.
  • 2008-09-29 Dow Jones Industrial Average falls 777.68 points, its largest single-day point loss, following the bankruptcies of Lehman Brothers and Washington Mutual
  • 2009-04-30 Chrysler automobile company files for Chapter 11 bankruptcy.
  • 2009-06-01 General Motors files for chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history.
  • 2013-07-18 Detroit, Michigan, files for bankruptcy to become the largest US municipal bankruptcy at $18.5 Billion