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

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 ...

What Is Chapter 7 Bankruptcy? How to Qualify for Chapter 7 Bankruptcy What's the Difference Between Chapter 7 and Chapter 11 Bankruptcy? Pros and Cons of Chapter 7 Bankruptcies The Bottom Line ...

A leading comic book distributor shifts from Chapter 11 to Chapter 7 bankruptcy, handing control to a trustee and signaling a major liquidation.

Canoo Inc. has filed for Chapter 7 bankruptcy, prompting the appointment of a Bankruptcy Trustee to manage the liquidation of its assets, as announced on January 17, 2025. Despite securing contracts ...