If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of bankruptcies, particularly Chapter 7 and Chapter 13, you’ll want to read on.

There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or ...

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 ...

Where an objection to a debtor’s Chapter 7 discharge was overruled, that decision should be affirmed because the bankruptcy ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Vikki Velasquez is a researcher and writer who has managed, ...

Retirement is supposed to be the point in life when the financial pressure begins to ease. The mortgage may be smaller or ...

September 09, 2026 - PRESSADVANTAGE - Garnett Law Office announced today the formal expansion of its legal services to ...

Declaring bankruptcy when you're drowning in debt should be a last resort. State laws vary, so where you live may determine whether you keep your home.

On February 6, 2026, President Trump, after near unanimous support by the U.S. Senate and the U.S. House of Representatives, signed into law the Bankruptcy Administration Improvement Act of 2025 (the ...

Companies in dire financial situations where bankruptcy is their best—or only—option have two main choices in the U.S.: Chapter 7 bankruptcy or Chapter 11 bankruptcy. Both are also available to ...