WorldCom had more than $103 billion in assets when it filed for Chapter 11 bankruptcy protection in July 2003 after the company admitted to having inflated as much as $11 billion in “profits” through deceptive accounting. While in bankruptcy the company dumped the WorldCom name, returning to the MCI brand used earlier in its corporate existence. MCI ultimately emerged from bankruptcy with about $5 billion in debt and more than $6 billion in cash. Former WorldCom CEO Bernard Ebbers was convicted of securities fraud and conspiracy charges last year, and sentenced to 25 years in prison.