Corporate Debt

$20bn power firm failure
Eight of the 10 biggest bankruptcies in corporate history have happened in the past two and a half years, after US energy firm Mirant Corporation buckled under its debts late on Monday night.

WorldCom $40bn in Debt - and Counting
WorldCom became America's biggest corporate failure yesterday with $40bn in debt and gaping holes in its accounts that could be even larger than the $4bn fraud that has already entered the record books.