Top 10 largest bankruptcies of all time (slideshow)


#10: Thornburg Mortgage

Thornburg Mortgage was a publicly traded real estate investment trust that originated, acquired and managed mortgages, with a specific focus on jumbo and super jumbo adjustable rate mortgages. Troubles for the firm started in 2007 as the housing bubble began to collapse and it faced multiple margin calls from creditors. Thornburg Mortgages ceased operations after entering Chapter 11 bankruptcy.

Bankruptcy filing: May 1, 2009
Assets: $36.5 billion

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