Before you swipe, withdraw or transfer cash, you should know how spending works in a Chapter 7 bankruptcy case.

SIOUX FALLS, S.D. (AP) – A federal trustee asked a judge Tuesday to convert a troubled South Dakota beef processing plant’s bankruptcy to a Chapter 7 liquidation. Assistant U.S. trustee James Snyder ...

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 ...

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 ...