Filing for bankruptcy can provide serious relief from your mounting debt, but there are a few things to know first.

Debtors were denied a discharge when they could not adequately explain or provide sufficient documents for a complex asset ...

Todd Christenson filed for chapter 7 bankruptcy in November 2010. In February 2011, a federal bankruptcy court in Minnesota discharged ...

Chapter 11 plans contain various releases – some in favor of the debtor and some in favor of certain nondebtor third parties. While creditors ...

The two most common types are Chapter 7 and Chapter 13 bankruptcy, and how your debts are discharged differs between the two. Under Chapter 7 bankruptcy, often called "liquidation bankruptcy ...

Bankruptcy can discharge or restructure most credit card debt, but there are exceptions. For example, luxury purchases or cash advances made shortly before filing may be nondischargeable. Additionally ...

The U.S. Department of Education said it will discharge the debt for about 261,000 borrowers who attended the mostly online college. “Numerous federal and state investigations have documented ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat into your debt settlement savings or even wipe it out altogether. It's ...

On Jan. 7, 2025, the Consumer Financial Protection Bureau announced a new rule banning medical debt from all credit reports.

"In reality, 90 percent of Ashford students never graduated, and the few who did were often left with large debts and low incomes." Ashford borrowers approved for a discharge will receive emails ...