Filing for Chapter 7 bankruptcy can wipe the debt slate clean, but there are tradeoffs to know before you file.

Filing Chapter 7 bankruptcy is a serious financial decision for individuals who have large amounts of debt they likely won’t ever be able to repay. Though filing for Chapter 7 ultimately gives ...

There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or “rehabilitation bankruptcy.” ...

However, you’ll face a choice between Chapter 7 vs. Chapter 13 bankruptcy, so it helps to understand them. Keep reading to learn about both types and the differences between them.

Once the Chapter 7 process is complete and your creditors are satisfied, the remainder of your debt will be discharged. Compared to Chapter 13 bankruptcy, Chapter 7 is quick.

Filing Chapter 7 can offer relief, but it also comes with serious limitations you need to know about first.

Equity Won’t Save You: Bankruptcy Court Rules that Principles of Equity Cannot be Used to Extend the Deadline to File a Dischargeability Complaint ...

The bankruptcy means test determines who can file for debt forgiveness through Chapter 7 bankruptcy. It takes income, expenses and family size into account.

You can buy a house after Chapter 7 bankruptcy or while paying into a Chapter 13 bankruptcy plan. How soon you can apply for a mortgage after bankruptcy depends on the type of bankruptcy, the ...

With Chapter 13, you’ll be able to pay your attorney fees over time as part of the multiyear process. The average attorney fee for a Chapter 7 bankruptcy case is about $2,000.

Once the Chapter 7 process is complete and your creditors are satisfied, the remainder of your debt will be discharged. Compared to Chapter 13 bankruptcy, Chapter 7 is quick.