Cleaning Up After the Fall

Liquidating Enron's Maze of Partnerships Could Cost More Than $1 Billion

By Carrie Johnson

Washington Post Staff Writer
Tuesday, December 27, 2005; Page D01

Four years after Enron Corp. collapsed, the Houston energy trader clings to life as "the financial equivalent of a Superfund site," its chairman said.

New managers are struggling to clean up after the firm's December 2001 bankruptcy -- a process they say is likely to run into 2008. Two operating divisions must be unloaded. Lawsuits against banks that helped the company hide debt must be settled or brought to trial. Leftover cash must be dispensed to creditors claiming some $60 billion.