Date in year · 1970 · The 1970s

June 21, 1970

On June 21, 1970, penn Central declares Section 77 bankruptcy in what was the largest U.S. corporate bankruptcy to date. The year's #1 song was "Bridge Over Troubled Water" by Simon & Garfunkel. Ricky Schroder, Saad Hariri, Willie Roaf would arrive in the same year.

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1970

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Featured · June 21, 1970

Penn Central declares Section 77 bankruptcy in what was the largest U.S. corporate bankruptcy to date.

The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals, each of which were united by large-scale service into the New York metropolitan area and to a lesser extent New England and Chicago.

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Around 1970

The year in brief

1970 (MCMLXX) was a common year starting on Thursday of the Gregorian calendar, the 1970th year of the Common Era (CE) and Anno Domini (AD) designations, the 970th year of the 2nd millennium, the 70th year of the 20th century, and the 1st year of the 1970s decade.

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What happened

On June 21, 1970

1970 Penn Central declares Section 77 bankruptcy in what was the largest U.S. corporate bankruptcy to date.

American class I railroad company in operation from 1968 to 1976

The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals, each of which were united by large-scale service into the New York metropolitan area and to a lesser extent New England and Chicago.

Elsewhere that year