Rule 523 dictates the debts you can't erase through bankruptcy (and the list might surprise you).

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Chapter 7 bankruptcy comes with several important limitations that ...

*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 ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

When a trucking company shuts down, it usually has a wind-down period when it delivers any remaining loads in its possession. Not doing so leaves thousands of people in limbo, since they don’t know ...

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 ...

Several craft breweries have filed for Chapter 7 bankruptcy and closed operations in 2025. Financial distress led to liquidations, with assets totaling up to $1 million and higher liabilities. An ...

Humanoids Corporation, the French comics publisher known for its sci-fi and fantasy graphic novels, has filed for Chapter 7 bankruptcy in the U.S. As opposed to Chapter 11, the Chapter 7 proceedings ...

Add Yahoo as a preferred source to see more of our stories on Google. The whiskey industry hasn’t had much luck lately as a handful of distillers have filed for Chapter 11 bankruptcy across the past ...