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 ...

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?

When a company files Chapter 7 bankruptcy, it means the brand will be liquidated. That could result in a new beginning, if a new business or operator buys the brand and revives it. In theory, that can ...

When a company files for bankruptcy, it gets a chance to reorganize its finances and work with creditors, vendors, and landlords to find a path forward. A court supervises the process, and the ...

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 ...