When MF Global declared bankruptcy on Oct. 31, 2011, it became the eighth largest bankruptcy in U.S. history. Although the bankruptcy left the futures industry with a black eye regarding customer segregated funds, the bankruptcy trustee is working to restore those customer accounts. One aspect that hasn't been addressed much is the actual creditors in the bankruptcy. Here are the top 10 as of Jan. 3, 2012 according to court documents.
#10 Highridge Futures Fund LP
Type of debt: Customer Account Obligations
Amount: $686,171 (estimated)
#9 Maxum Petroleum Operating Co.
Type of debt: ISDA Counterparty
Amount: $794,524 (estimated)
#8 The Servicemaster Company
Type of debt: ISDA Counterparty
Amount: $1,410,508 (estimated)
#7 Vigilant Futures LLC
Type of debt: Customer Account Obligations
Amount: $1,492,940 (estimated)
#6 Citibank
Type of debt: ISDA Counterparty
Amount: $2,370,433 (estimated)
#5 Headstrong Services LLC
Type of debt: Trade Payable
Amount: $3,936,074
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Number one, at $1.2 Bil. is a bit of a mischaracterization as the creditor was able to get a lien on some of MFG's assets.
