The Chapter 11 filing of Lehman Brothers Holdings Inc. reveals that Citigroup Inc. and Bank of New York Mellon Corp. are the largest creditors with claims of over $138 billion in bond debts as an indentured trustee. Japan's Aozora Bank Ltd., which is owned by buyout firm Cerberus Capital Management LP, is owed $463 million in unsecured bank loans. A number of other Asian firms are also owed smaller amounts. Check out the voluntary filing petition after the jump.
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After failing to sell itself over the weekend to Barclays plc or Bank of America Corp., Lehman Brothers -- the fourth-largest U.S. investment bank -- filed the biggest-ever Chapter 11 filing Monday, leaving some big firms across the globe holding the bag.
For a full list of creditors, see the PDF of the voluntary petition filing.
Various media outlets reported that Lehman Brothers listed more than $613 billion of debt, which means it is a larger bankruptcy than the failure of WorldCom Inc. in 2002 and Drexel Burnham Lambert in 1990. Lehman's statement said none of its subsidiaries, including its broker-dealers, would participate in the filing, and that its broker-dealers would be open for business Monday as usual. - Matthew Wurtzel
