Why Did Enron Declare Bankruptcy?

Answer

Enron declared bankruptcy as the result of catastrophic mistakes and criminal behavior on the part of associated firms, employees and investors in 2001. You can find out more information here: en.wikipedia.org
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Q&A Related to "Why Did Enron Declare Bankruptcy?"
Get all of your records together with all the bills you owe and hire you a bankruptcy lawyer. They will tell you what steps to do after that.
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Basically it was pricing itself in the share index for a great deal higher that it should have been. When this was found out, basically it couldn't survive because this is illegal
http://wiki.answers.com/Q/Why_Enron_was_bankruptcy
1. gavel. Start by deciding what kind of bankruptcy you wish to declare. In general bankruptcy is divided into Chapter 7 and Chapter 13. The former gets rid of all your debts but
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Enron reported a 1.2
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Enron filed for bankruptcy on December 2, 2001. This was after months of scandals and the Enron stock dropping to a few pennies each from their high of $90. ...
Basically it was pricing itself in the share index for a great deal higher that it should have been. When this was found out, basically it couldn't survive because ...
Enron filed for bankruptcy, following a series of financial catastrophes, on November 30, 2001 for their European branches. Two days later, they filed for Chapter ...
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