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 ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while pursuing this type of debt relief can be a smart move in ...

There's been some updates to Diamond's chapter 7 process and the winding down of its chapter 11. Two are proposed additions to the team handling the chapter 7 process.

First Brands Group and some of its creditors are weighing a shift of some of its units into the Chapter 7 bankruptcy ...

When a retail chain closes all its locations with no notice, that's not usually a good sign for the future of the brand. Typically, even a struggling brand gives customers and workers some notice that ...

Canoo Inc. has filed for Chapter 7 bankruptcy, prompting the appointment of a Bankruptcy Trustee to manage the liquidation of its assets, as announced on January 17, 2025. Despite securing contracts ...

A court pauses liquidation as creditors fight for the future of iconic bourbon and vodka labels.