Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. Here's what you need to ...

The craft brewery sector has been struggling over the last two years, with brewers closing down businesses and filing for ...

Hedge fund MFN Partners LP asked a court to convert Yellow Corp.’s Chapter 11 bankruptcy to a trustee-controlled Chapter 7 ...

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Discusses opinion in Addington where the purchaser of a debtor's LLC interest in a bankruptcy trustee sale did not give the ...

A Chapter 13 or “wage earner’s” bankruptcy lets you keep many of your assets and restructure your debts, but they don’t disappear. A Chapter 7 or liquidation bankruptcy involves selling ...

US drugstore chain Rite Aid has initiated bankruptcy protection for the second time in two years, amid ongoing financial ...

Chapter 7 bankruptcy, which is the most common type for individuals, can wipe out many unsecured debts quickly but may involve the liquidation of non-exempt assets. Chapter 13, on the other hand ...

Each state has its own rules governing your assets in bankruptcy ... allowed exemption, you will have to pay the difference to keep your car. In most cases, it’s not worth filing Chapter 7 ...