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

Filing for Chapter 7 bankruptcy protection results in an automatic stay, which is a court measure that stops collection actions. While the stay is active, creditors can't call or send letters to ...

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

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 ...

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 ...