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

Filing Chapter 7 bankruptcy is a serious financial decision for individuals who have large amounts of debt they likely won’t ever be able to repay. Though filing for Chapter 7 ultimately gives you a ...

Mark Henricks has written on mortgages, real estate and investing for many leading publications. He works from Austin, Texas, where he engages in songwriting, wilderness backpacking, whitewater ...

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 ...

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 ...

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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 ...

Right off the bat, let's dispense with bankruptcy's stigma. While the notion of erasing valid debts and starting fresh doesn't sit well with everyone, it's a concept as old as Moses. More than that, ...

The Company was informed that a voluntary Chapter 7 bankruptcy petition is being filed for its subsidiary, Takeover Industries, Inc. The Chapter 7 process will be handled through the applicable U.S.