%Probably, all of you heard that procedure of bankruptcy of the legendary American company of General Motors now begins. Journal Fortune in this connection has constituted the list of 10 largest bankruptcies in the history of the American business. It has seemed to us interesting enough therefore it is resulted it on pages of our journal.
10) Texaco (bankruptcy Date: 04.12.87, assets: $34,9 billion)
Company Texaco has become bankrupt in 1987. At that point in time its assets constituted almost 35 billion dollars. Problems at the petroleum giant have come after a number of unsuccessful bargains on merge. And in 1987 the decision to make an application on bankruptcy was accepted. In 2001 Chevron has acquired the company new formed after bankruptcy for 39 billion dollars.
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