Chapter 7 bankruptcy offers relief from your debt, but the limitations of this approach can impact your finances.

Filing for Chapter 7 can wipe out your debt quickly, but some property may be on the line if it isn't protected.

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 ...

Filing for Chapter 7? Avoid the errors that could derail your bankruptcy case or leave you worse off financially.

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 ...

Federal bankruptcy laws were changed in 2005 in an attempt to force more people seeking protection from creditors to pay at least a portion of the bills that pushed them into court. The two main types ...

Bankruptcy law does not set a single nationwide "maximum income" that cuts you off from relief. Instead, it asks a more ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Filing for bankruptcy can come with steep costs, even before your debts are discharged. You’ll need to pay court filing fees, ...

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 ...