Chapter 7 bankruptcy offers relief from your debt, but the limitations of this approach can impact your finances.

Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender.

*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...

The average American household currently carries over $7,000 in credit card debt, and for a large number of borrowers, other debts, like medical bills and personal loan debts, are also piling up amid ...

Filing for Chapter 7? Avoid the errors that could derail your bankruptcy case or leave you worse off financially.

If you’re exploring bankruptcy, that probably means your debt situation is serious. It can be really frustrating to find out that bankruptcy cases cost money. If you had money, you might not need ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

Bankruptcy law does not set a single nationwide "maximum income" that cuts you off from relief. Instead, it asks a more ...

Operating a craft brewery has been a challenging business over the last 2-1/2 years. Brewery owners have faced several economic issues that have impacted their ability to continue as going concerns, ...

Everett said “I’ve never seen a case” like that of Merit Street Media, in which a bankrupt entity was controlled by a party (i.e. McGraw) that hired the former company’s few remaining employees and ...