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 ...

The average American household currently carries over $7,000 in credit card debt, and for a large number of borrowers, other debts, like medical bills and personal loan debts, are also piling up amid ...

Most companies follow a gradual path to a Chapter 7 bankruptcy. In many cases, the brand will show obvious signs of struggle, ...

Employment Status Change Nixes Chapter 7 Bankruptcy In a case of first impression in the nation, the 5th Circuit found that a bankruptcy court may consider post-petition events -- particularly a ...

Bankruptcy filings from the past week in all of North Dakota and Becker, Clay, Douglas, Grant, Hubbard, Mahnomen, Norman, Otter Tail, Polk, Traverse, Wadena and Wilkin counties in Minnesota.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Chapter 7 bankruptcy comes with several important limitations that ...

Gina Maria's Pizza Faces Liquidation Gina Maria's Pizza, a beloved establishment in the Twin Cities since 1975, has ...

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 ...

In a case of first impression in the nation, the 5th Circuit found that a bankruptcy court can consider a debtor's changed employment status when deciding whether to dismiss a Chapter 7 petition.