Filing for Chapter 7 can wipe out your debt quickly, but some property may be on the line if it isn't protected.

Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. It’s often called “liquidation bankruptcy” because it can involve selling some property to pay ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Legislation to increase bankruptcy fees and extend the terms of temporary bankruptcy judges will move to President Donald ...

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 ...

Diamond‘s bankruptcy is officially now in chapter 7 which means any remaining assets will be liquidated to pay back creditors.

A leading comic book distributor shifts from Chapter 11 to Chapter 7 bankruptcy, handing control to a trustee and signaling a major liquidation.

A federal judge ordered that a bankruptcy proceeding for Dr. Phil McGraw’s Merit Street Media, the TV personality’s failed television network venture, be converted to a Chapter 7 liquidation — saying ...