What's left of Washington Mutual, Inc. files for bankruptcy in Delaware

With JPMorgan Chase now in possession of Washington Mutual's bank division, the remainder of the once mighty savings and loan giant has filed for bankruptcy:

In the voluntary petition filed late Friday, the company listed assets of $32.9 billion, and debts of $8.2 billion, putting it in the top 10 largest U.S. bankruptcy cases ever filed.

Bank of New York Mellon, as a trustee for debtholders, was listed as the company's largest creditor.

According to the petition, Washington Mutual is being represented by New York law firm Weil Gotshal & Manges, which also represents Lehman Brothers Holdings Inc in its Chapter 11 case.

The petition was filed across the country in Delaware, a state with laws very friendly to the banking industry.

In related news, Bloomberg has a good article on how WaMu's failure has shaken Seattle. The New York Times has a background piece on JPMorgan Chase executive Jamie Dimon, who snapped up WaMu earlier this week.