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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So what determines whether you'll get approved for Chapter 7 bankruptcy?

Chapter 7 bankruptcy is faster and cheaper than Chapter 13 bankruptcy, but it’s not the best option for everyone. Many, or all, of the products featured on this page are from our advertising partners ...

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 ...

LIT International Group, Inc., a Boston-based women’s boutique clothing chain, files for Chapter 7 bankruptcy to sell off its ...

As the last days of 2025 wind to a close, many industries have seen a number of high-profile bankruptcies in a challenging ...

Diamond Comic Distributors Inc., the debtor in ongoing bankruptcy proceedings, moves to Chapter 7 bankruptcy, as the banks ...

Damon Dash’s financial woes continue. On Thursday, September 4, in Florida, the 54-year-old Roc-A-Fella Records co-founder filed for Chapter 7 bankruptcy, with just $4,350 in assets while facing more ...

The past two weeks have been a rollercoaster for Houston’s controversy-prone Turkey Leg Hut. The embattled restaurant has seen everything from a new lawsuit to an emergency motion. Now, liquidation of ...

Morgan W. Fisher has been appointed the Interim Chapter 7 Trustee in Diamond Comics' bankruptcy proceedings ...