Chapter 7 bankruptcy is the bankruptcy filing most often used by consumers. It provides protection from creditors, puts a stop to most collection efforts and can eventually wipe debts away. Debtors ...

Drowning in debt? Both Chapter 7 and Chapter 13 bankruptcy could offer relief, but they work very differently.

Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card ...

Filing Chapter 7 bankruptcy is a serious financial decision for individuals who have large amounts of debt they likely won’t ever be able to repay. Though filing for Chapter 7 ultimately gives you a ...

Choosing to file for bankruptcy is a big decision, but it’s the first of many that filers will encounter as they go through the process. One of the most important decisions you’ll make is the type of ...

If you’re exploring bankruptcy, that probably means your debt situation is serious. It can be really frustrating to find out that bankruptcy cases cost money. If you had money, you might not need ...

Chapter 7 and Chapter 13 bankruptcy are common individual bankruptcies you can file to get some relief if you’re struggling to repay debt. Chapter 7 helps you discharge certain debts, while Chapter 13 ...

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 ...

Bankruptcy filings have been climbing as Americans continue to grapple with several looming economic issues, including persistent inflation and high interest rates on borrowing options. When you ...

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 ...

While the ideal goal is to rebuild your credit after a bankruptcy filing, you could find the need to file for personal bankruptcy again. There’s no limit to the number of times you can file, but there ...