Since I updated my blog last week, there have been two more bankruptcies of note (see Updates on Bankruptcies and M&A Activity). Wow, that was fast! If bankruptcies continue at this pace, in a couple of weeks I’ll be unable to keep up with them.

But for now, to make good on my promise, I will continue to keep a running list of noteworthy 2008 bankruptcies. So we can add ATA (see ATA Files for Bankruptcy) and the Education Resources Institute (see Big US Student Loan Guarantor Files for Bankruptcy) to the list.

The new and (un)improved list:

• Wickes Furniture (furniture retail)
• Sharper Image (retail)
• Lillian Vernon (retail)
• Sirva (moving services)
• Blue Water Holdings (auto)
• Buffets Holdings (restaurants)
• Aloha Airlines (airline)
• Bear Stearns (banking)****
• The Education Resource Institute (insurance)
• ATA (airline)

I’ve gone ahead and included Bear Stearns in the tally. I decided that Bear qualifies because Bernanke acknowledged in his testimony that it was within 24 hours of formally declaring bankruptcy (see Bernanke…Defends Bear Bailout).

Please feel free to take issue with my inclusion of Bear Stearns, or to point out any additional noteworthy bankruptcies that I’ve missed.

This entry was posted on Tuesday, April 8th, 2008 at 8:16 pm and is filed under Bankruptcies, Corporate Strategy. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.