Bankruptcy is a legal process designed to relieve debt that a borrower cannot repay. It offers individuals and businesses a fresh financial start by liquidating assets or establishing a payment plan.

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 ...

The company’s bankruptcy filing indicates that it has less than $500,000 in assets and around $3.35 million in liabilities.

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 ...

Alexander Hamilton U.S. Custom House, U.S. Bankruptcy Court, Southern District of New York. Credit: ajay_suresh via Wikimedia Commons Demand in the bankruptcy portion of the restructuring practice has ...