Companies in dire financial situations where bankruptcy is their best—or only—option have two main choices in the U.S.: Chapter 7 bankruptcy or Chapter 11 bankruptcy. Both are also available to ...

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 ...

A wave of Chapter 11 and Chapter 7 filings in April signals growing financial strain across the trucking industry amid weak demand and rising operating costs.

If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of ...

When a company goes bankrupt, it can either mean a reorganization or a complete liquidation. In many cases, it’s the ...

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 ...