We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. As a result, it's important to understand what happens with your money ...

*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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Filing for bankruptcy can come with steep costs, even before your debts are discharged. You’ll need to pay court filing fees, ...

When a company files for Chapter 7 or Chapter 11, investors often lose out ...

With credit card debt sitting at record levels and more Americans struggling under the weight of high-rate balances, bankruptcy filings have become an increasingly common consideration for borrowers ...