Can you please give me couple name of companies that went bankrupcy or that had bad financial problems.
Bally Total Fitness
Enron is the first name that comes to mind.
This site lists several other major companies with severe financial problems.
Certainly! Here are a few examples of companies that have faced bankruptcy or financial problems:
1. Calpine, Inc: Calpine was an American power company that filed for Chapter 11 bankruptcy protection in 2005 due to heavy debt and the collapse of energy prices.
2. American Home: American Home Mortgage Investment Corporation, a residential mortgage lender, filed for bankruptcy protection in 2007 amid the subprime mortgage crisis.
3. Bally Total Fitness: Bally Total Fitness Holding Corporation, a fitness center operator, faced financial difficulties in the mid-2000s and filed for Chapter 11 bankruptcy protection in 2007.
Additionally, Enron is a well-known example of a company that went bankrupt due to accounting fraud and financial mismanagement.
To find more examples, you can refer to Forbes' "Accounting Tracker" website which lists major companies that have faced severe financial problems. Here is the link: http://www.forbes.com/2002/07/25/accountingtracker.html