PG&E’s Bankruptcy Will Be Costlier Than You Realize

Sears Holdings, once the greatest retailer in the U.S., filed for bankruptcy protection in 2018 and is just a stone’s throw away from possible liquidation. Washington Mutual, a savings and loan powerhouse, succumbed to the pressures of the financial crisis and sought bankruptcy protection in 2008. And WorldCom, once one of the largest telecommunications providers in the U.S., sought bankruptcy protection in 2002.