He and his wife talked with a lawyer about personal and corporate bankruptcy.
But he has also had repeated failures that pushed him to the edge of personal and corporate bankruptcy.
At the time, it was the largest corporate bankruptcy in history.
If you look at the most well known corporate bankruptcies, the companies are almost all still around.
Yes, we'll have a record number of corporate bankruptcies this year, probably.
The high rates also trigger bank failures and corporate bankruptcies.
The cases - one a personal bankruptcy, the other a corporate bankruptcy - began in 1988.
Orange County may look like a corporate bankruptcy, but there are some unusual twists.
The failure of the politically powerful energy trading company is the biggest corporate bankruptcy in the nation's history.
That is a big difference from the main cause of corporate bankruptcies 10 years ago.