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
Have your say
How long does it take you to completely unpack after moving in?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- 3 days – I'm an unpacking MACHINE!
- I need a full month just to figure out where to put everything!
- 3 months – I use the boxes as end tables!
- NEVER! I still haven't unpacked everything from the last move.
Sept. 19 (Bloomberg) –- Bloomberg Intelligence’s Praveen Menon discusses Alibaba’s IPO and expansion plans with Matt Miller on “Street Smart.” (Source:... More Sept. 19 (Bloomberg) –- Bloomberg Intelligence’s Praveen Menon discusses Alibaba’s IPO and expansion plans with Matt Miller on “Street Smart.” (Source: Bloomberg)
Date 49 mins ago, Duration 2:46, Views 0