The Belgian national airline used to be Sabena from 1923 to 2001, until it went into bankruptcy.

* 2001 – Enron files for Chapter 11 bankruptcy.

SNK decided to abandon the video game hardware business due to the rampant piracy of game-cartridges, which SNK believed was partially responsible for its bankruptcy in 2001.

* 2001 – The Polaroid Corporation files for federal bankruptcy protection.

Stay-over visitors and cruise arrivals declined in 2001 and several hotels declared bankruptcy, including the Hyatt.

In 2001, Sri Lanka faced bankruptcy, with debt reaching 101 % of GDP.

ViA, Inc. filed for bankruptcy in 2001 and subsequently ceased operations.

In 2002, the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States after being found guilty of criminal charges relating to the firm's handling of the auditing of Enron, an energy corporation based in Texas, which had filed for bankruptcy in 2001 and later failed.

In April 2012 the Council of Europe published a report which stated it would be “ difficult to imagine ” that Blatter would have been unaware of “ significant sums ” paid to unnamed FIFA officials by ISSM / ISL in connection with lucrative contracts for World Cup television rights and the subsequent bankruptcy and collapse of ISL in 2001.

The combination of high fuel prices, low fares, high salaries, and crises such as the September 11, 2001 attacks and the SARS epidemic have driven many older airlines to government-bailouts, bankruptcy or mergers.

Global Crossing's stock price had fallen to $ 5 by November 2001, and in January 2002 the company filed for Chapter 11 bankruptcy protection.

The assets of Extreme Championship Wrestling ( ECW ), which had folded after filing for bankruptcy protection in April 2001, were purchased by WWE in mid-2003.

Bonds were sold against the company to fund the new developments, but after the Internet bubble burst in 2000 and the resultant reduction in customer demand for such products, Curtis Crawford was replaced by James ( Jim ) Thorburn who reorganized the company under Chapter 11 bankruptcy in late 2001 and refocused it back to the 8 and 16 bit microcontroller market.

Category: Companies that have filed for Chapter 11 bankruptcy in 2001

Following bankruptcy of Daewoo Motors in 2001, UkrAVTO corporation bought out AvtoZAZ holding in 2002.

Golden Books Family Entertainment was acquired by Classic Media Inc. and Random House in a bankruptcy auction for $ 84. 4 million on August 16, 2001, with Classic gaining rights to Golden's film and TV library ( including Lamb Chop, Lassie, the pre-1974 Rankin / Bass library, among other titles ) as well as the production, licensing and merchandising rights for Golden's characters, while Random House grabbed Golden's publishing rights.

* US Airways declares bankruptcy, caused by the air travel slowdown following the September 11, 2001, Terrorist Attack.

Jacobs University was founded in 2001 as the ' International University Bremen ( IUB )' but changed its name early in 2007 in recognition of the philanthropist Klaus Johann Jacobs, whose donation allowed IUB to avoid bankruptcy.

The company was acquired by American Homestar Corporation of League City, Texas in 1997, due to the declining manufactured housing industry the plant was closed on April 15, 2000, American Homestar Corporation subsequently filed for Chapter 11 bankruptcy later in 2001.

It helped result in the infamous 2001 Enron scandal, when the fifth largest corporation in America at the time suddenly collapsed into bankruptcy.

In 2001 the town filed for a Chapter 9 municipal bankruptcy.

The latest to close was Ideal Forging, which filed for bankruptcy in 2001.

On October 15, 2001 Bethlehem filed Chapter 11 bankruptcy.

Troy Mills declared bankruptcy in late 2001, and ceased operations in 2002.

Twice, the city of Westminster sought to declare for bankruptcy ; the first effort, in 2001, failed after creditors rejected a payout plan.

In 1994, Commodore filed for bankruptcy and its assets were purchased by Escom, a German PC manufacturer, who created the subsidiary company Amiga Technologies.

In 2009, American Media was taken over by its bondholders to keep it out of bankruptcy.

Notice of closure attached to the door of a computer store the day after its parent company declared " bankruptcy " ( strictly, put into administration — see text ) in the United Kingdom.

The final goal of bankruptcy is to liquidate company assets and pay its creditors.

A person or a company in bankruptcy can not access its assets ( with some exceptions ).

When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11.

While the automatic stay is in place, most litigation against the debtor is stayed, or put on hold, until it can be resolved in bankruptcy court, or resumed in its original venue.

If the business ' debts exceed its assets, the bankruptcy restructuring results in the company's owners being left with nothing ; instead, the owners ' rights and interests are ended and the company's creditors are left with ownership of the newly reorganized company.

The largest bankruptcy in history was of the US investment bank Lehman Brothers Holdings Inc., which listed $ 639 billion in assets as of its Chapter 11 filing in 2008.

Commodore declared bankruptcy on April 29, 1994, and its assets were liquidated.

Because of a sale of assets resulting from the bankruptcy, Hubbard no longer owned the rights to the name " Dianetics ", but its philosophical framework still provided the seed for Scientology to grow.

In the mean time, the war demanded so many of its forces that the Company had to operate under a permanent threat of bankruptcy.

( Zoetrope Studios finally filed for Chapter 11 bankruptcy in 1990, after which its name was changed to American Zoetrope ).

Additionally, in some languages a " concourse " ( Swedish konkurs, Finnish konkurssi, German Konkurs ) takes its meaning from " concourse of debtors "; that is, it means bankruptcy, while in Russian конкурс takes one more meaning and refers to contest.

Hans Egede's Hope Colony was organized under the auspices of the Bergen Greenland Company prior to its bankruptcy in 1727 ; it was succeeded by the merchant Jacob Severin ( 1733 – 1749 ), the General Trade Company ( Det almindelige Handelskompagni ; 1749 – 1774 ), and finally the Royal Greenland Trading Department ( KGH ; 1776 – 1908 ).

Because of the weak international position and its labor policies ( most peasants lived through a subsistence economy ), Pétion's government was perpetually on the brink of bankruptcy.

Rather than being transferred to Motors Liquidation Company as part of the GM bankruptcy in 2009, the brand was retained by GM, in order to investigate its sale.

In December 2007 another carrier named Eventis entered the market but three previous carriers have already saturated it so much that on February 5, 2010 Eventis declared bankruptcy and shut down its network.

Burma's admittance to Least Developed Country status by the UN in 1987 highlighted its economic bankruptcy.

* 1980 – The Chicago, Rock Island and Pacific railroad operates its final train after being ordered to liquidate its assets because of bankruptcy and debts owed to creditors.

After Commodore's bankruptcy in 1994, Commodore Semiconductor Group, MOS's successor, was bought by its former management for about $ 4. 3 million, plus an additional $ 1 million to cover miscellaneous expenses including EPA liens.