A 70-year-old furniture chain closed all locations in December and filed for Chapter 7 liquidation, leaving customer deposits and orders at risk.

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 ...

No paycheck doesn't necessarily rule out bankruptcy, but there are a few important things to know before filing.

The historic vodka and whiskey brand moved from Chapter 11 to Chapter 7, with assets being liquidated and its future ...

Filing for bankruptcy isn't a decision that most people take lightly, and for good reason. Not only does a bankruptcy have a significant impact on your finances, but you must also meet specific ...

Through a Chapter 7 liquidation, creditors can “have faith” that a trustee will be fair and impartial in the sale of the Merit Street assets, Judge Scott W. Everett of the U.S. Bankruptcy Court for ...

Fred Stevens, who had been the Chapter 11 trustee in Lancaster businessman Daryl Heller’s personal bankruptcy case, will ...