Technically speaking businesses are always in one of the phases of business cycle; slump, recession, recovery, and boom. And, if business is nowhere in these phases, it has probably completely phased out i.e. gone bankrupt. Many famous business houses have lost their glory in the past, and even though they remain exemplary, their contemporary value is only in history books. Given below is a list of the top 10 famous companies that went bankrupt. Read more to learn some interesting facts that lead to their demise.