We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So what determines whether you'll get approved for Chapter 7 bankruptcy?

The private jet operator, Jet It, has filed for Chapter 7 bankruptcy over 2 and a half years after closing its operations.

Jet It grounded its fleet in 2023 leaving its fractional owners scrambling. The day before Christmas the story ended with a ...

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 ...

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 ...

Along with the sudden shutdowns of commercial airlines including Play and Blue Islands, a number of charter and fractional ...

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, ...

Bankruptcy is a legal process that helps businesses and consumers get rid of their debt and repay their creditors. It can be a financial lifeline and an opportunity for people to discharge high debt ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, what can you lose when you file for bankruptcy? Here's a closer look ...

And now a franchisee of the 84-year-old fast-casual restaurant chain Dickey's Barbecue Pit has filed for Chapter 7 bankruptcy liquidation to close down a California location.

A number of resorts, hotels and mixed hotel-apartment complexes have all had to file for bankruptcy in the last months of ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Vikki Velasquez is a researcher and writer who has managed, ...