We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. As a result, it's important to understand what happens with your money ...

Americans filed hundreds of thousands of bankruptcy petitions over the past year, with Chapter 7 representing a large percentage of those cases. That makes sense considering that Chapter 7 is ...

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 ...

A 70-year-old furniture chain closed all locations in December and filed for Chapter 7 liquidation, leaving customer deposits and orders at risk.

If you’re exploring bankruptcy, that probably means your debt situation is serious. It can be really frustrating to find out that bankruptcy cases cost money. If you had money, you might not need ...

Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender. Control of Stoli ...

The craft beer brand, which opened in 2011, files for Chapter 7 liquidation after shutting down on Oct. 31. Several craft breweries have filed for Chapter 7 bankruptcy and closed operations in 2025.

Through a Chapter 7 liquidation, creditors can “have faith” that a trustee will be fair and impartial in the sale of the Merit Street assets, Judge Scott W. Everett of the U.S. Bankruptcy Court for ...

Diamond Comic Distributors Inc., the debtor in the long-running Chapter 11 bankruptcy, is now heading toward Chapter 7, with the debtor requesting that the U.S. Bankruptcy Court in Maryland convert ...