ECRC meaning in Business ?

Answer:

What is Enron Creditors Recovery Corp mean?

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 3, 2001, Enron employed approximately 29,000 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years.

At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron has become synonymous of willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the enactment of the Sarbanes–Oxley Act of 2002. The scandal also affected the greater business world by causing the dissolution of the Arthur Andersen accounting firm, which had been Enron's main auditor for years.

Enron filed for bankruptcy in the Southern District of New York in late 2001 and selected Weil, Gotshal & Manges as its bankruptcy counsel. It ended its bankruptcy during November 2004, pursuant to a court-approved plan of reorganization. A new board of directors changed the name of Enron to Enron Creditors Recovery Corp., and emphasized reorganizing and liquidating certain operations and assets of the pre-bankruptcy Enron. On September 7, 2006, Enron sold its last remaining subsidiary, Prisma Energy International, to Ashmore Energy International Ltd. (now AEI).

reference

Full Form	Category
Epidemiology Clinical Research Center	Academic & Science
Electronic Commerce Resource Center	Academic & Science
Electronic Continuing Resources Committee	Academic & Science
Early Childhood Research Center	Academic & Science
Electronic and Continuing Resources Committee	Academic & Science
Erosion/Corrosion Research Center	Academic & Science
Engineering Career Resource Center	Business
Executive Clinical Research Consulting	Business
Enron Creditors Recovery Corp	Business
East Coast Rugby Conference	Community
Eastern Collegiate Racquetball Conference	Community
Elmhurst Christian Reformed Church	Community
End of confinement review committee	Community
Electronic Commerce Resource Centers	Computing
European Computer Industry Research Centre	Computing
Eastern Canada Response Corporation	General
Early Childhood Resource Center	General
Expeditionary Combat Readiness Center	General
Emergency Call Relay Center	General
Equity and Civil Rights Compliance	General
Exam Construction Review Committee	General
Expeditionary Combat Readiness Command	General
Electric Car Research Center	General
Eastern Canadian Rally Championship	General
Environmental Change Research Centre	Governmental
Eastern Connecticut Rehabilitation Centers	Medical
Edinburgh Cancer Research Centre	Medical
East Central Regional Center	Regional
Eastern Counties Road Car	Regional