Before you swipe, withdraw or transfer cash, you should know how spending works in a Chapter 7 bankruptcy case.

Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. It’s often called “liquidation bankruptcy” because it can involve selling some property to pay ...

Chapter 7 bankruptcy involves liquidating a debtor's non-essential assets to repay creditors. Chapters 11 and 13 are more expensive and longer than Chapter 7, but you can keep your assets. Chapter 7 ...

Mark Henricks has written on mortgages, real estate and investing for many leading publications. He works from Austin, Texas, where he engages in songwriting, wilderness backpacking, whitewater ...

Could your debt be reduced or forgiven? Take our financial relief quiz. There is no minimum debt requirement to qualify for Chapter 7 bankruptcy, according to U.S. bankruptcy law. In most cases, it ...

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Chapter 7 bankruptcy comes with several important limitations that ...

You can buy a house after Chapter 7 bankruptcy or while paying into a Chapter 13 bankruptcy plan. How soon you can apply for a mortgage after bankruptcy depends on the type of bankruptcy, the outcome ...

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

BENNINGTON — The Southern Vermont College trustees have once again voluntarily entered the former college into the Chapter 7 bankruptcy process — likely heading toward an auction of real estate and ...

Right off the bat, let's dispense with bankruptcy's stigma. While the notion of erasing valid debts and starting fresh doesn't sit well with everyone, it's a concept as old as Moses. More than that, ...