5 Largest Bankruptcies in American History

In this article we are going to list the 5 largest bankruptcies in American history. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 Largest Bankruptcies in American History.

5. CIT Group Inc.

Total assets of the company at the time of bankruptcy (in millions): $80,448

CIT declared bankruptcy in November 2009 despite earlier attempts to stave off bankruptcy. It then reorganized and currently operates as an American financial services company.