<a class="mw-redirect" href="https://en.wikipedia.org/wiki/Penn_Central" id="mwzw" rel="mw:WikiLink" title="Penn Central">Penn Central</a> declares Section 77 <a href="https://en.wikipedia.org/wiki/Bankruptcy" id="mw0A" rel="mw:WikiLink" title="Bankruptcy">bankruptcy</a> in what was the largest U.S. corporate bankruptcy to date.<sup about="#mwt50" class="mw-ref reference" data-mw='{"name":"ref","attrs":{},"body":{"id":"mw-reference-text-cite_note-8"}}' id="cite_ref-8" rel="dc:references" typeof="mw:Extension/ref"><a href="./June_21#cite_note-8" id="mw0Q" style="counter-reset: mw-Ref 8;"><span class="mw-reflink-text" id="mw0g">[8]</span></a></sup>
<span class="mw-reference-text" id="mw-reference-text-cite_note-8"><cite about="#mwt44" class="citation news cs1" id="CITEREFCharlton1970">Charlton, Linda (June 22, 1970). <a class="external text" href="https://www.nytimes.com/1970/06/22/archives/penn-central-is-granted-authority-to-reorganize-under-bankruptcy.html" id="mwCFg" rel="mw:ExtLink nofollow">"Penn Central Is Granted Authority to Reorganize Under Bankruptcy Laws"</a>. <i id="mwCFk">The New York Times</i>. pp.<span id="mwCFo" typeof="mw:Entity"> </span>1, 74<span class="reference-accessdate" id="mwCFs">. Retrieved <span class="nowrap" id="mwCFw">June 21,</span> 2020</span></cite><span about="#mwt44" class="Z3988" id="mwCF0" title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=Penn+Central+Is+Granted+Authority+to+Reorganize+Under+Bankruptcy+Laws&amp;rft.pages=1%2C+74&amp;rft.date=1970-06-22&amp;rft.aulast=Charlton&amp;rft.aufirst=Linda&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F1970%2F06%2F22%2Farchives%2Fpenn-central-is-granted-authority-to-reorganize-under-bankruptcy.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AJune+21"></span>; <link about="#mwt47" data-mw='{"name":"templatestyles","attrs":{"src":"Module:Citation/CS1/styles.css"},"body":{"extsrc":""},"parts":[{"template":{"target":{"wt":"cite book","href":"./Template:Cite_book"},"params":{"last":{"wt":"Markham"},"first":{"wt":"Jerry W."},"title":{"wt":"A Financial History of the United States. Volume 3: From the Age of Derivatives into the New Millennium (1970-2001)"},"location":{"wt":"Armonk, N.Y."},"publisher":{"wt":"M.E. Sharpe"},"date":{"wt":"2002"},"isbn":{"wt":"9780765607300"},"page":{"wt":"5"}},"i":0}}]}' href="mw-data:TemplateStyles:r1215172403" id="mwCF4" rel="mw-deduplicated-inline-style" typeof="mw:Extension/templatestyles mw:Transclusion"/><cite about="#mwt47" class="citation book cs1" id="CITEREFMarkham2002">Markham, Jerry W. (2002). <i id="mwCF8">A Financial History of the United States. Volume 3: From the Age of Derivatives into the New Millennium (1970-2001)</i>. Armonk, N.Y.: M.E. Sharpe. p.<span id="mwCGA" typeof="mw:Entity"> </span>5. <a class="mw-redirect" href="./ISBN_(identifier)" id="mwCGE" rel="mw:WikiLink" title="ISBN (identifier)">ISBN</a><span id="mwCGI" typeof="mw:Entity"> </span><a href="./Special:BookSources/9780765607300" id="mwCGM" rel="mw:WikiLink" title="Special:BookSources/9780765607300"><bdi id="mwCGQ">9780765607300</bdi></a>.</cite><span about="#mwt47" class="Z3988" id="mwCGU" title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=book&amp;rft.btitle=A+Financial+History+of+the+United+States.+Volume+3%3A+From+the+Age+of+Derivatives+into+the+New+Millennium+%281970-2001%29&amp;rft.place=Armonk%2C+N.Y.&amp;rft.pages=5&amp;rft.pub=M.E.+Sharpe&amp;rft.date=2002&amp;rft.isbn=9780765607300&amp;rft.aulast=Markham&amp;rft.aufirst=Jerry+W.&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AJune+21"></span></span>