Learn the essentials of bankruptcy, including eligibility, timelines, and alternatives, to make informed financial decisions.

A year after it moved from Erie to Millcreek Mall, popular Italian restaurant unexpectedly went dark. Its owner has filed for Chapter 7 liquidation.

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 ...

Bankruptcy can help you get a fresh start, but some types of debt aren't alleviated when you file for bankruptcy. Several others are very difficult to get discharged.