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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ...

Discover how company bankruptcy affects employee insurance benefits and coverage. Learn if and how you can retain benefits under Chapter 11 or Chapter 7.

Discover the history and implications of Chapter 10 Bankruptcy, a complex corporate filing retired in 1978 and incorporated into modern Chapter 11 proceedings.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Understanding the key differences between debt settlement and Chapter 11 ...

U.S. corporate bankruptcies approached a 14-year high in 2024 and are expected to continue at a steady pace in 2025. With this increase in business bankruptcies across industries, it’s possible that ...