JPMorgan is Lehman's biggest secured creditor
JPMorgan Chase tops the list of the largest secured creditors in the Lehman Brothers bankruptcy case, with $23 billion in claims.
By Agencies |
NEW YORK: JPMorgan Chase tops the list of the largest secured creditors in the Lehman Brothers bankruptcy case, with $23 billion in claims.
Secured creditors would be paid back first in the event there is money to be distributed. Secured creditors are paid before unsecured creditors _ shareholders rank lowest and often get nothing.
Next on the list is Hudson Castle Group's Fenway, which is owed $3 billion; Swedbank AB of Sweden with $1.35 billion in claims; and State Street Corp. with $1 billion.
Lehman Brothers Holdings Inc. filed the biggest bankruptcy in US history on Sept. 15. It reported assets of $639 billion and debt of $613 billion.
Secured creditors would be paid back first in the event there is money to be distributed. Secured creditors are paid before unsecured creditors _ shareholders rank lowest and often get nothing.
Next on the list is Hudson Castle Group's Fenway, which is owed $3 billion; Swedbank AB of Sweden with $1.35 billion in claims; and State Street Corp. with $1 billion.
Lehman Brothers Holdings Inc. filed the biggest bankruptcy in US history on Sept. 15. It reported assets of $639 billion and debt of $613 billion.
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