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 ...

When a company files Chapter 7 bankruptcy, it means the brand will be liquidated. That could result in a new beginning, if a new business or operator buys the brand and revives it. In theory, that can ...

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.

If you’re exploring bankruptcy, that probably means your debt situation is serious. It can be really frustrating to find out that bankruptcy cases cost money. If you had money, you might not need ...

Filing for Chapter 7? Avoid the errors that could derail your bankruptcy case or leave you worse off financially.

As the last days of 2025 wind to a close, many industries have seen a number of high-profile bankruptcies in a challenging economy. In the airline world, travel companies and passengers are still ...

Iron Hill Brewery & Restaurant has filed for bankruptcy protection. The regional chain, which had operated in Pennsylvania, New Jersey and Delaware, submitted a Chapter 7 bankruptcy filing last week ...

*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 ...

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

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