There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or ...

If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of bankruptcies, particularly Chapter 7 and Chapter 13, you’ll want to read on.

The breakfast restaurant chain franchisee closes locations in Minnesota and Wisconsin facing severe financial distress.

The furniture retail sector has suffered from economic distress in the last year with major home furnishing companies closing stores and filing for bankruptcy protection. Companies that have filed for ...

After failing to secure a buyer or restructuring sponsor, residential solar installer Freedom Forever has converted its bankruptcy to a Chapter 7 liquidation. A trustee will wind down the remaining ...

When the financial troubles pile up faster than you can manage them, as they are for many borrowers in today's high-rate, inflationary environment, filing for bankruptcy can feel like the only way out ...

Retirement is supposed to be the point in life when the financial pressure begins to ease. The mortgage may be smaller or ...

Bankruptcy filings have been climbing as Americans continue to grapple with several looming economic issues, including persistent inflation and high interest rates on borrowing options. When you ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while pursuing this type of debt relief can be a smart move in ...

Canoo Inc. has filed for Chapter 7 bankruptcy, prompting the appointment of a Bankruptcy Trustee to manage the liquidation of its assets, as announced on January 17, 2025. Despite securing contracts ...

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, ...

The filing bookends a roughly five-year saga that started with the project's announcement by Green City Partners, whose ...