A company experiencing financial hardship may have no choice but to file for bankruptcy and there are different types of bankruptcies to choose from. A chapter 7 bankruptcy is known as a straight ...

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 ...

Chapter 7 — Definition: Sometimes called “straight bankruptcy.” May be used by businesses or individuals. A portion of the debtor’s assets is liquidated and distributed among creditors by a ...

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Chapter 11 bankruptcy, one of the most complex forms of bankruptcy under U.S. law, allows a company that is near failure to restructure operations to stay in business rather than simply liquidate all ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J Catalano is a CFP and Registered ...

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 is one of those topics that nobody wants to become an expert in, but sometimes you have no choice. The good news is that compared to 2021, there have been fewer bankruptcies in the U.S. in ...

When a corporation or partnership runs into financial trouble but wants to remain open, it has the option to file for a chapter 11 bankruptcy. This provides protection from creditor actions while the ...