It has been more than three years since its collapse, but Lehman Brothers can finally get back to business. That is, the business of liquidation, since there will be no more Lehman Brothers as it was known for nearly 150 years. It will merely be a shell of the Wall Street firm after emerging from bankruptcy last week only so it could sell whatever assets it has to pay back creditors.
After more than 40 months in bankruptcy protection, Lehman couldn't save itself and will soon officially be out of business, though sometimes that dreaded "B" word does not signal immediate doom. In honour of Lehman's emergence from bankruptcy, which was designed to restructure the company's debt to help keep it afloat, MSN looks back at other businesses that have experienced success — or sudden death — after breaking free of bankruptcy.
*All figures in USD
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Norway's sovereign oil fund has an incredible US$800 billion plus in assets. The OECD says Norway was able to avoid the worst of the financial crisis b... More Norway's sovereign oil fund has an incredible US$800 billion plus in assets. The OECD says Norway was able to avoid the worst of the financial crisis because of prudent use of its oil revenues and strong management of its economy. But Norway faces big challenges in maintaining growth and prosperity.
Date 11 hrs ago, Duration 9:38, Views 753