Major Corporate Bankruptcies and Reorganizations During the Great Depression (1929–1935)

1. Stock market crash triggers corporate credit crisis

   Oct 29, 1929Labels: Stock Market, Holding Companies, Railroads

   • Britannica

2. Philadelphia Rapid Transit placed into receivership

   Apr 11, 1931Labels: Philadelphia Rapid, Receivership, Pennsylvania Court

   • Hagley
   • HSP

3. Middle West Utilities enters federal receivership

   Apr 15, 1932Labels: Middle West, Federal Receivership, Insull System

   • Justia

4. Kreuger & Toll declared bankrupt in Sweden

   May 24, 1932Labels: Kreuger &, Ivar Kreuger, Sweden

   • Penn Archives

5. Insull utility empire begins rapid collapse

   Jun 1, 1932Labels: Samuel Insull, Utility Holding, Insull Empire

   • TIME

6. International Match files for U.S. bankruptcy

   Aug 6, 1932Labels: International Match, IMCO, Kreuger Affiliate

   • Penn Archives
   • SciDirect

7. Insull Utilities Investment creditors file suit

   Sep 22, 1932Labels: Insull Utilities, Creditors, Federal Court

   • Wikipedia

8. Railroad reorganization law added as Bankruptcy Act Section 77

   Mar 3, 1933Labels: Section 77, Railroad Reorganization, Congress

   • Justia

9. Corporate reorganization law created as Section 77B

   Jun 7, 1934Labels: Section 77B, Corporate Reorganization, Bankruptcy Act

   • Mich Law

10. Philadelphia Rapid Transit files for bankruptcy

    Oct 1, 1934Labels: Philadelphia Rapid, Bankruptcy Filing, Urban Transit

    • Hagley
    • HSP

11. Supreme Court upholds broad bankruptcy power in reorganization

    Apr 1, 1935Labels: U S, Bankruptcy Power, Reorganization Ruling

    • Wikipedia

12. New Haven Railroad petitions for Section 77 reorganization

    Oct 23, 1935Labels: New Haven, Section 77, Trusteeship

    • 88 Stations
    • Wikipedia