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 ...

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 ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Daniel Rathburn is an editor at Investopedia ...

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 ...