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Although shareholders in these companies lost all of their investment in them, they were not held liable for the hundreds of billions of dollars owed by these companies to their creditors subsequent to their bankruptcies.Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.

Fortune named Enron "America's Most Innovative Company" for six consecutive years.At the end of 2001, it was revealed that its reported financial condition was sustained by institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal.Enron has since become a well-known example of willful corporate fraud and corruption.When either an individual or a company functions with limited liability this means that assets attributed to the associated individuals cannot be seized in an effort to repay debt obligations attributed to the company.Funds that were directly invested with the company, such as with the purchase of company stock, are considered assets of the company in question and can be seized in the event of insolvency.

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