Drowning in debt? Both Chapter 7 and Chapter 13 bankruptcy could offer relief, but they work very differently.

The bankrupt trucking company will liquidate its assets after closing down its operations in 2025.

Mark Henricks has written on mortgages, real estate and investing for many leading publications. He works from Austin, Texas, where he engages in songwriting, wilderness backpacking, whitewater ...

Could your debt be reduced or forgiven? Take our financial relief quiz. There is no minimum debt requirement to qualify for Chapter 7 bankruptcy, according to U.S. bankruptcy law. In most cases, it ...

Damon Dash’s financial woes continue. On Thursday, September 4, in Florida, the 54-year-old Roc-A-Fella Records co-founder filed for Chapter 7 bankruptcy, with just $4,350 in assets while facing more ...

The past two weeks have been a rollercoaster for Houston’s controversy-prone Turkey Leg Hut. The embattled restaurant has seen everything from a new lawsuit to an emergency motion. Now, liquidation of ...

The largest passenger charter and cargo airline in the U.S. has shut down operations, sold its assets and converted its Chapter 11 bankruptcy to Chapter 7. Major airlines don’t file for bankruptcy ...

Could your debt be reduced or forgiven? Take our financial relief quiz. The decision to file bankruptcy is a heady one, but then there is the question of which type of bankruptcy to file. You have ...

Chapter 7 bankruptcy is faster and cheaper than Chapter 13 bankruptcy, but it’s not the best option for everyone. Many, or all, of the products featured on this page are from our advertising partners ...