The income limits for Chapter 7 depend on numerous factors, including a complex calculation called the means test.

Chapter 7 bankruptcy has specific income requirements, but many filers qualify. Here's what determines the outcome.

Freight companies have struggled despite demand.Multiple bankruptcies have already been filed in October.High operating costs ...

*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...

The bankruptcy case for Houston’s Turkey Leg Hut has officially ended, leaving more than $6.5 million in debt unpaid, ...

Days after Spirit Airlines filed for bankruptcy and began restructuring, another airline, Verijet, a private jet startup, ...

Chapter 7 of the bankruptcy code, under which Iron Hill filed, provides for liquidation — the sale of a debtor’s nonexempt ...

The Delaware-based chain, with a now-shuttered location at the Lehigh Valley Mall, has only $125,000 in assets against $20 ...

The French comics publisher, best known for its SFF graphic novels, will liquidate its assets and eventually cease its U.S.

The channel reports that Birmingham-based Montgomery Transport LLC has filed for Chapter 7 bankruptcy and has immediately ...