Lehman Brothers – USA most egregious bankruptcies – #1

Lehman Brothers Holdings Inc was a leading global financial services firm, engaged in investment banking, equity and fixed income financial products, derivatives, private banking, research and trading.

On September 15, 2008, Lehman Brothers filled for protection under Chapter 11 with nearly 700 billion in assets.

The financial tsunami of 2008 would follow Lehman bankruptcy filling.