Bankruptcy refers to a legal process that individuals or businesses can undertake when they are unable to repay their debts. It is a formal declaration that an individual or organization is unable to ...

Right now, many of borrowers are facing some serious debt issues, including those who were once able to easily cover their monthly payments. Part of the issue is that, at over 22% on average, credit ...

You can file for bankruptcy as often as you like; however, there are limits to how often you can receive a discharge. The timetable is as follows: Chapter 7 after Chapter 7: every 8 years Chapter 7 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, if you've been considering whether bankruptcy is the right move for ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Filing for bankruptcy can come with steep costs, even before your debts are discharged. You’ll need to pay court filing fees, ...