Filing for Chapter 7 bankruptcy can wipe the debt slate clean, but there are tradeoffs to know before you file.

In Chapter 7 bankruptcy, assets are sold or liquidated to repay creditors. However, every state has a homestead exemption that allows you to exempt some equity in your primary residence.

Turkey Leg Hut owner Nakia Holmes' Chapter 11 bankruptcy has officially been converted to Chapter 7 bankruptcy by order of Bankruptcy Judge Eduardo Rodriguez.

Texas gunmaker Watchtower Firearms filed for bankruptcy last week amid lower consumer demand for guns. Watchtower boasts a range of military, civilian, and precision firearms, suppressors, and ...

A judge has denied a motion from a court-appointed trustee to switch The Turkey Leg Hut's Chapter 11 bankruptcy to Chapter 7 bankruptcy.

Under Chapter 11 bankruptcy, a company can continue to operate with a court-appointed trustee while its finances are reordered. Under Chapter 7, the assets of a business are liquidated completely.

At Home, a furniture and home decor retailer based in Coppell, Texas, filed for Chapter 11 bankruptcy on Monday, June 16.

Judge converts Turkey Leg Hut bankruptcy filing, orders Chapter 7 filing The presiding judge previously denied an emergency motion to convert the case from Chapter 11 bankruptcy.

Sunnova Energy (NOVA) disclosed that on June 8, it voluntary petitioned for relief under Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas. The debtors will seek ...

The 7-year-old company making pod-shaped electric vehicles announced late last week that it filed for bankruptcy and ceased operations. As a result, Canoo will liquidate its assets in a Chapter 7 ...

IRVING, Texas — A North Texas man who federal prosecutors say filed for bankruptcy 10 times in six years has pleaded guilty to fraud charges.

An AM radio station and its two companion FM translators, serving a Lone Star State town that shares a name with a big American city, is being sold in a deal created by the court-appointed trustee ...