Bankruptcy is an option when you are facing serious financial difficulties. Chapter 7 bankruptcy is a way to legally ...

When a debt is discharged, it can impact what you owe, but the process and outcome aren't always straightforward.

When struggling borrowers can no longer pay their creditors and they’ve expended all available options, the courts may allow them to reorganize their debts and protect some of their assets through ...

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, ...

Discover if you're liable to pay taxes on discharged bankruptcy debt. Understand the implications and rules surrounding this ...

Jeanine Skowronski is an editor, writer, and journalist with more than 15 years of experience in personal finance and business, including roles at Bankrate, CreditCards.com, and Policygenius. Her work ...

According to the latest data from the U.S. Courts, the total number of personal bankruptcy filings increased by about 16% from 2023 to 2024. During this period, there were 434,064 total filings ...

Your debt will be turned over to a collection agency, and your credit score will likely take a severe hit. Here's what to do about it. Many or all of the products on this page are from partners who ...

Q: How much are the lenders paying you to tell people not to file for bankruptcy? These bloodsuckers get richer by jacking up interest rates for people who hit rock bottom. It makes no sense to try to ...

Twenty years ago, our son declared bankruptcy. As the years passed, he improved his credit rating. Recently, he lost his job and maxed out his credit cards. He now lives with us and doesn’t own a ...