Some of the biggest bankruptcies in American history have exceeded billions of dollars. When the mortgage crisis hit hard back in 2008, Lehman Brothers Holdings Inc., the fourth-largest investment bank in the country filed for bankruptcy in the amount of $691 billion.
Other major bankruptcies in American history, all of which have been filed since 2002 include Washington Mutual ($327.9 Billion), WorldCom ($103.9 Billion), General Motors ($82.2 Billion), and CIT Group ($71 Billion).
This infographic from titlemax.com looks at the 20 largest bankruptcies in the history of the United States and even outlines some of the biggest retail bankruptcies from the past few years. Washington Mutual's bankruptcy was the second-largest bankruptcy ever, and it was the largest savings and loan bank in the country at the time.
Some of the more recent bankruptcies in the United States over the last couple of years include high-profile companies like Claire's, Sears, Kmart, David's Bridal, and Nine West.