When Lehman went bankrupt it had $691,063,000,000 USD in assets on its books. Having assets available does not preclude the submission of a bankruptcy petition.

When Lehman went bankrupt it had $691,063,000,000 USD in assets on its books. Having assets available does not preclude the submission of a bankruptcy petition. I don’t think I can clarify wrt to expenses, since I don’t know what you mean when describing their expenses as adequate. I would suggest further research on the meaning and implications of bankruptcy.