Chapter 7 bankruptcy offers relief from your debt, but the limitations of this approach can impact your finances.

Savvy shoppers can still bank on Saks’ bankruptcy. Luxury retailer Saks Global is reportedly planning to file for Chapter 11 ...

I need some advice and, please, no judgment. I racked up credit-card debt when I could not work for two years. I’ve been working now for about five years, but it seems like I just can’t get ahead of ...

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. What makes this environment particularly challenging, though, is the ...

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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. No minimum amount of debt is required for ...

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 ...

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 ...