How Much Value Was Destroyed by the Lehman Bankruptcy?

Erin Denison, Michael Fleming and Asani Sarkar

No 20190114b, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Lehman Brothers Holdings Inc. (LBHI) filed for Chapter 11 bankruptcy protection on September 15, 2008, initiating one of the largest and most complex bankruptcy proceedings in history. Recovery prospects for creditors, who submitted about $1.2 trillion of claims against the Lehman estate, were quite bleak. This week, we will publish a series of four posts that provide an assessment of the value lost to Lehman, its creditors, and other stakeholders now that the bankruptcy proceedings are winding down. Where appropriate, we also consider the liquidation of Lehman?s investment banking affiliate, which occurred in separate proceedings under the Securities Investor Protection Act (SIPA).

Keywords: value destruction; Lehman bankruptcy (search for similar items in EconPapers)
JEL-codes: G33 (search for similar items in EconPapers)
Date: 2019-01-14
References: Add references at CitEc
Citations:

Downloads: (external link)
https://libertystreeteconomics.newyorkfed.org/2019 ... hman-bankruptcy.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fednls:87304

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Liberty Street Economics from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Gabriella Bucciarelli ().