Before you swipe, withdraw or transfer cash, you should know how spending works in a Chapter 7 bankruptcy case.

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 ...

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 ...

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 ...

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 ...

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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. There is no minimum debt requirement to qualify for Chapter 7 bankruptcy, according to U.S. bankruptcy law. In most cases, it ...

Right off the bat, let's dispense with bankruptcy's stigma. While the notion of erasing valid debts and starting fresh doesn't sit well with everyone, it's a concept as old as Moses. More than that, ...

The Company was informed that a voluntary Chapter 7 bankruptcy petition is being filed for its subsidiary, Takeover Industries, Inc. The Chapter 7 process will be handled through the applicable U.S.