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 ...

Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card ...

Shareholders of DZS Inc. are unlikely to receive any distribution for their shares following the bankruptcy proceedings. Additionally, the commencement of the Chapter 7 cases may trigger defaults ...

Bankruptcy offers an exit route for families and businesses trapped by debt. In 2019, Forever 21, Barneys New York and Payless ShoeSource declared bankruptcy. Donald Trump’s businesses have declared ...

What Is Chapter 7 Bankruptcy? How to Qualify for Chapter 7 Bankruptcy What's the Difference Between Chapter 7 and Chapter 11 Bankruptcy? Pros and Cons of Chapter 7 Bankruptcies The Bottom Line ...

As the last days of 2025 wind to a close, many industries have seen a number of high-profile bankruptcies in a challenging ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So what determines whether you'll get approved for Chapter 7 bankruptcy?

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 ...

When a person files for bankruptcy, it’s a sad day. Although the bankruptcy code was enacted to give a “fresh start to the honest but unfortunate debtor” and a single point of contact for creditors ...

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