Enron Coorperation

-The Enron Corporation had what was said to be

over 101 billion dollars in 2000.

-Their financial position began to be terrible because

of creatively planned accounting fraud.

-They filed for bankruptcy protection in the south district

of New York in late 2001.

-Enron emerged from bankruptcy in 2004 and they

are still recovering.

-Now they are renamed to Enron Creditors Recovery

Corporation due to this terrible

bankruptcy.

-This was one of the biggest and most complex bankruptcy

cases in U.S. history.

This all occured in the year of 2001 and they got out of bankruptcy in 2004.

-Weil, Gotshal, and Manges was Enrons bankruptcy counsel.

-They were the people that were involved in this huge, complex

bankruptcy case.

-This was such a big issue because of the fact that Enron is

such a huge company that won Americas Most Innovative

Company for 6 years in a row.

-They are one of the worlds leading electricity, natural gas,

communication, pulp, and paper industries.

-If they were to become bankrupt forever, that would

be a complete tragedy.

-The Millions of workers and people that are involved

with Enron were and still are effected because of this.

-This takes the power, gas, communication etc. away

from those millions of costomers.

-A bankruptcy for one of the worlds largest corporations

easily can effect millions of people.

-The Enron Corporation was based in Houston, Texas.

-The bankruptcy case then took place in N.Y. where everything

happened passed the file for bankruptcy protection.

The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the