5 Largest Bankruptcies in American History

3. WorldCom Inc.

Total assets of the company at the time of bankruptcy (in millions): $103,914

The WorldCom scandal, combined with the Enron scandal, led to the fall of one of the biggest accounting firms in the world. Having been the second largest telephone company in the U.S. after AT&T Inc. (NYSE:T) for a time, the company collapsed after an accounting scandal to inflate the company’s assets was exposed.