When individuals and companies are unable to repay debts, they can file for bankruptcy. This "fresh start," of course, has consequences in terms of asset liquidation, credit, and more.
Most of the companies listed in this gallery are from the US, so it's important to mention that under US law, there are a number of different Chapters by which companies and individuals can file for bankruptcy. The most common one is Chapter 11, which is filed with the aim of reorganizing the corporation so that they can continue operating.
In this gallery, you'll find a list of the largest bankruptcies of all time. Click on.
All values in USD