Filing for Chapter 7 can wipe out your debt quickly, but some property may be on the line if it isn't protected.

The global vodka company filed a motion to convert its Chapter 11 bankruptcy reorganization to a Chapter 7 liquidation.

Chapter 7 bankruptcy offers relief from your debt, but the limitations of this approach can impact your finances.

Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender.

*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...

Among those who filing were Boston Harbor Distillery, Westward Whiskey parent House Spirits Distillery, McCallum & Sons ...

As an avid fan of the show "Bar Rescue," I've seen countless businesses that look healthy on the outside, but actually have a ...

Could your debt be reduced or forgiven? Take our financial relief quiz. There is no minimum debt requirement to qualify for Chapter 7 bankruptcy, according to U.S. bankruptcy law. In most cases, it ...

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 ...

Multiple Italian and pizza chains filed for bankruptcy or debt restructuring in 2025. Rising costs, reduced consumer spending, and high lease rates fueled financial struggles. A popular Italian chain ...

Smoke BBQ owner files Chapter 7 amid nearly $2.7M in claims, putting the downtown rooftop's future in question.