The POTUS Timeline
Economy

Enron Corporation files for Chapter 11 bankruptcy

Enron Corporation, once the seventh-largest U.S. company, filed for Chapter 11 bankruptcy protection after revelations of accounting fraud and collapsing investor confidence.

The company's sudden collapse triggered major market turmoil, prompted high-profile corporate governance and accounting reforms, and became a defining corporate scandal of the early Bush presidency.

References / Sources

No source references have been added for this event yet.

Related Timeline Entries