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Lehman Files Biggest Chapter 11 Ever

Bankruptcy sends shockwaves through financial world

By Jim O'Neill, Newser User

Posted Sep 15, 2008 7:42 AM CDT

(Newser) – Lehman Brothers gasped its last breath this morning, filing for Chapter 11 protection in Manhattan under a crushing $613 billion in debt, the largest—and potentially most frightening—bankruptcy in US history, reports Bloomberg. Experts say the filing is likely to trigger a domino effect... Read full story »

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Lehman Files Biggest Chapter 11 Ever

Bankruptcy sends shockwaves through financial world

Bank of America • Barclays • bankruptcy • Merrill Lynch • Lehman Brothers • Richard Fuld

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More Newser Stories

10 Banks Form $70B Fund to Stave Off Crash

Paulson brokers twin public-private liquidity measures

Lehman Post Mortem Bares Shady Tricks

Execs may land in court for disguising bad investments

Chrysler, Merrill CEOs Passed Houses to Wives, Too

Fuld not the only one hiding assets

Wall Street's Hottest Jobs? Lehman Bros

Bankruptcy experience is the skill set of the future, execs say

Lehman CEO Sells Mansion to Wife—for $100

But Fuld's attempt to evade creditors may not work

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