The two most common types of bankruptcy for individuals are Chapter 7 and Chapter 13, each with its own eligibility criteria ...

If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of bankruptcies, particularly Chapter 7 and Chapter 13, you’ll want to ...

Once you file, an automatic stay goes into effect, which is a powerful legal protection that stops creditors from pursuing ...

Chapter 13 bankruptcy allows debtors to reorganize their debts. This type of bankruptcy is "designed for debtors with regular income who can pay back at least a portion of their debts through a ...

Bankruptcy can discharge or restructure most credit card debt, but there are exceptions. For example, luxury purchases or ...

Chapter 7 bankruptcy is faster and cheaper than Chapter 13 bankruptcy, but it could involve selling your assets. Many, or all, of the products featured on this page are from our advertising ...

Bankruptcy proceedings can give you some much-needed breathing room, but they also come with serious financial ramifications ...

Taking on more debt increases a company's risk of bankruptcy David is comprehensively experienced in many facets of financial and legal research and publishing. As an Investopedia fact checker ...

According to reports, the beleaguered fabric and crafts store may consider a second bankruptcy filing. Joann filed for ...

The two most common types of bankruptcy for individuals are Chapter 7 and Chapter 13, each with its own eligibility criteria and debt repayment structure. Bankruptcy is governed by federal law and ...

Types of Bankruptcy There are two major types of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7, known as liquidation bankruptcy, is designed to quickly discharge unsecured debts such as ...