*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 ...

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

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

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 ...

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.

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 ...

Through a Chapter 7 liquidation, creditors can “have faith” that a trustee will be fair and impartial in the sale of the Merit Street assets, Judge Scott W. Everett of the U.S. Bankruptcy Court for ...

The whiskey beverage producer files for Chapter 7 bankruptcy to liquidate its assets. Several whiskey distilleries filed for bankruptcy this year, blaming inflation and changing consumer attitude to ...