ɪn nˈaɪntiːnhˈʌndɹɪd ˈeɪɾi θɹˈiː bˈɔːldwɪn juːnˈaɪɾᵻd fˈaɪld fɔːɹ tʃˈæptɚɹ ɪlˈɛvən bˈæŋkɹʌptsi pɹətˈɛkʃən, ænd ɪn nˈaɪntiːnhˈʌndɹɪd ˈeɪɾi fˈaɪv ˈɛmdʒˈɪk wʌz lˈɪkwᵻdˌeɪɾᵻd ænd ɪts ˈæsɛts sˈoʊld tə nɔːɹθwˈɛstɚn mjˈuːtʃuːəl fɔːɹ dˈɑːlɚ sˈɛvənhˈʌndɹɪd sˈɛvənti fˈaɪv mˈɪliən.
In 1983 Baldwin United filed for Chapter 11 bankruptcy protection, and in 1985 MGIC was liquidated and its assets sold to Northwestern Mutual for $775 million.