Worlds Biggest: WorldCom Says to File Bankruptcy Sunday

07-22-2002, 02:13 AM

dbaker

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Join Date: Sep 2001

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Worlds Biggest: WorldCom Says to File Bankruptcy Sunday

WorldCom Says to File Bankruptcy Sunday

Quote:

PHILADELPHIA (Reuters) - WorldCom Inc. said it will file Chapter 11 bankruptcy protection later Sunday in the nation's largest insolvency after the long-distance telephone and data services company buckled under a $3.85 billion accounting scandal and a mountain of "junk-rated" debt.

There go my few thousands shares...

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