Tuesday, Sep. 16, 2008

Conseco Inc.

2002

$61 billion in pre-filing assets

Shares of Conseco, an Indiana-based finance and insurance company, once traded as high as $58, but they were worth less than $1 when the conglomerate declared bankruptcy. The company had racked up massive debt from multiple acquisitions and loans to officers to buy company stock. Conseco emerged from bankruptcy in 2003.