MF Global, headed by former governor, declares bankruptcy

by Peter Schroeder - 10/31/11 3:01 PM ET

{mosads}Bankruptcy came after a few frenzied days during which the firm tried to stay afloat long enough to be sold off to another company or restructured into a more viable form.

The Journal also reported that, based on the firm’s disclosed assets as of the end of September, its bankruptcy could end up being one of the nation’s 10 largest in history. Based on its calculations, the $41 billion bankruptcy would come in two spots behind Enron but one ahead of Chrysler.

The New York Times posted a copy of the bankruptcy documents here.

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