Bankruptcy is a legal procedure that allows individuals or businesses unable to pay their debts to seek relief from some or all of them. In the U.S., bankruptcies are often categorized as Chapter 7, ...

If you had to go into debt in recent years — whether it was because of overspending on your credit cards or due to unforeseen events like medical emergencies — getting out of that hole is now ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Bankruptcy stays on your credit report for ...

Bankruptcy technically eliminates your HELOC obligation. But you have to keep making payments, if you don't want to lose your home to creditors. The exact impact depends on the type of bankruptcy you ...

Financial struggles can feel overwhelming, especially if you're trying to juggle multiple issues, like mounting tax debt coupled with delinquent credit card bills or unpaid loans. Still, millions of ...

For many Americans, your local Red Lobster may be a thing of the past. The seafood chain closed dozens of restaurants ahead of an announcement last week that it was filing for Chapter 11 bankruptcy in ...

If you file for Chapter 7 bankruptcy, you may be able to keep your home, especially if you have a relatively low amount of equity. If you file for Chapter 13 bankruptcy, you’re more likely to keep ...

Kirkland & Ellis litigator Mark McKane and his restructuring partner Aparna Yenamandra discuss their recent work on behalf of retail pharmacy Rite Aid, which is poised to emerge from bankruptcy. Last ...

If you’re overwhelmed by student loan debt and can’t make ends meet, you may be wondering if you can file for bankruptcy on student loans. The truth is that federal and private student loans are ...

Bankruptcy does not automatically eliminate all debts, including HELOCs. The impact of bankruptcy on a HELOC depends on the type of bankruptcy filing (Chapter 7 vs. Chapter 13). In both types of ...

Thinking about bankruptcy but worried about your home equity line of credit (HELOC)? Filing can pause collections, but it doesn’t erase your balance — and foreclosure is still a risk if you stop ...