5 Bankrupt Companies That Came Back

In this article we are going to list the 5 Bankrupt Companies That Came Back. For a detailed coverage of this topic and a more comprehensive list, please head on over to 10 Bankrupt Companies That Came Back.

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5. Marvel (part of Walt Disney co (NYSE:DIS))

Marvel has throughout its history, never been as popular as it is now, especially with its movies tending to become billion dollar blockbusters and spreading into the mainstream like never before. However, things weren’t as rosy in 1996 and the company started reporting losses, resulting in laying off 275 employees. This led to a reorganization of the company, even as internal battles ranged, and even as the legal battle continued, Marvel was delisted from the New York Stock Exchange. Finally in 1998, ToyBiz and Marvel merged into Marvel Enterprises to bring it out of bankruptcy. It was bought by Walt Disney Co (NYSE:DIS) in 2009 for $4 billion.