Thursday, June 4, 2015

Enron

  Enron Corporation was a American energy, commodities, and services from Houston, Texas. It had claimed bankruptcy December 2nd, 2001 because of the Enron Scandal. The Enron Scandal included accounting loopholes, special purpose entities, and poor financial reporting. It had hid billions of dollars in debt from failed deals and projects. In November of 2004, it ended bankruptcy by the court approving the plan of reorganization. this is known as one of the most complex bankruptcy's in U.S. history. 

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