In a Chapter 7 bankruptcy, creditors may seize assets to repay your debt. However, these assets are subject to federal and ...

The idea of bankruptcy is scary for most people. Many may associate it with utter financial ruin, irreparable damage to credit scores and denied loans in the future. Some consider the act of filing ...

Before filing for bankruptcy, you need to know what debts must be disclosed and what happens if you leave some out.

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Chapter 7 or Chapter 13 may discharge or reorganize your credit card debt. Some debts may not be cleared in bankruptcy, such as nondischargeable obligations, recent luxury purchases or fraudulent ...

Thinking about bankruptcy but worried about your home equity line of credit (HELOC)? Filing can pause collections, but it doesn’t erase your balance — and foreclosure is still a risk if you stop ...

When monthly income is eaten up by mortgage, loan payments and ongoing bills, and you need to borrow more to pay existing ...

Throughout the height of the pandemic, the rate of bankruptcies filed in the U.S. slowed dramatically as many struggling organizations benefited from government loans and other support in recent years ...

When debts reach the point of becoming unmanageable, bankruptcy can be an option. This is usually seen as a last resort, as ...