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 ...

The 38-year-old mattress retail chain will liquidate and close its 45 stores after a judge ordered its Chapter 11 case ...

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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Understanding the different types of bankruptcies can help individuals and businesses make informed decisions about financial ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ...