Chapter 7 can wipe out overwhelming debt, with notable exceptions such as student loans. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

*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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Understanding the different types of bankruptcies can help individuals and businesses make informed decisions about financial ...

Debt settlement and bankruptcy are drastic solutions for serious financial problems. Most consumers who qualify for Chapter 7 are better off choosing bankruptcy. Debt settlement can be a better option ...

A Chapter 7 bankruptcy is legally a definitive end, and that's what has happened to Rogue Ales & Spirits. The company, which ...

The businesses are separate, and the brewery has already filed for Chapter 11 bankruptcy, but the restaurant chain has not.

As 2025 winds down and the holiday season looms, millions of Americans are confronting an uncomfortable truth: Their debt has become unmanageable over the past year. And, that makes sense. Not only is ...