by CIO Staff

Companies that have Survived Bankruptcy

News
Jul 15, 20021 min
IT Leadership

Advantica Restaurant Group

(formerly Flagstar)

Industry: Food services

Revenue: $1 billion

Filed for Chapter 11: July 1997

Out of Chapter 11: January 1998

Reason: Debt

America West

Industry: Airline

Revenue: $2.1 billion

Filed for Chapter 11: June 1991

Out of Chapter 11: August 1994

Reason: Debt

Federal Mogul

Industry: Auto parts manufacturer

Revenue: $5.5 billion

Filed for Chapter 11: October 2001

Out of Chapter 11: Still in

Reason: Asbestos litigation

Imperial Sugar

Industry: Sugar and confections

Revenue: $1.6 billion

Filed for Chapter 11: January 2001

Out of Chapter 11: August 2001

Reason: Debt

Kindred Healthcare

Industry: Long-term care

Revenue: $3.1 billion

Filed for Chapter 11: September 1999

Out of Chapter 11: April 2001

Reason: Debt

USG

Industry: Building materials

Revenue: $3.3 billion

Filed for Chapter 11: June 2001

Out of Chapter 11: Still in

Reason: Asbestos litigation