A 70-year-old furniture chain closed all locations in December and filed for Chapter 7 liquidation, leaving customer deposits and orders at risk.

Americans filed hundreds of thousands of bankruptcy petitions over the past year, with Chapter 7 representing a large percentage of those cases. That makes sense considering that Chapter 7 is ...

This bankruptcy timing rule could determine whether you keep recent payments or lose them to creditors. Here's why.

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 ...

Before you swipe, withdraw or transfer cash, you should know how spending works in a Chapter 7 bankruptcy case.

A co-signer will be held responsible for the debt if a borrower files for Chapter 7 bankruptcy. Here’s what you should know in order to protect yourself.

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

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 ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A judge forced the startup into ...

Diamond Comic Distributors Inc., the debtor in the long-running Chapter 11 bankruptcy, is now heading toward Chapter 7, with the debtor requesting that the U.S. Bankruptcy Court in Maryland convert ...