Chapter 7 bankruptcy has specific income requirements, but many filers qualify. Here's what determines the outcome.

When you file for bankruptcy, you’re basically telling a federal court that you can’t afford your debts and you need ...

Freight companies have struggled despite demand.Multiple bankruptcies have already been filed in October.High operating costs ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Chapter 7 of the bankruptcy code, under which Iron Hill filed, provides for liquidation — the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors, according to the ...