A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like ...

The Justice Department announced that 98% of student-loan borrowers who requested bankruptcy relief have received it since new guidance in 2022.

What Is Bankruptcy for LLCs? Bankruptcy for LLCs, or Limited Liability Companies, is a legal process where an LLC, burdened by debts it cannot repay, seeks protection and relief through the court ...

Bankruptcy is a legal procedure that allows individuals or businesses unable to pay their debts to seek relief from some or all of them. In the U.S., bankruptcies are often categorized as Chapter 7, ...

Genesis Healthcare must go back to the bankruptcy drawing board if it wants to continue pursuing the sale of its assets to an insider, a federal judge has ruled.

Genesis HealthCare has until Dec. 27 to agree to new bankruptcy bid terms with its creditors — ideally naming a new bidder to beat — or face two highly unwelcome alternative sale possibilities.

A Texas Two-Step Bankruptcy helps companies manage legal liabilities. Discover its process, criticisms, and a detailed ...

According to documents filed over the past few days, as part of bankruptcy proceedings, Diamond Comic Distributors has sought approval from the United States Bankruptcy Court for interim and final ...

BALTIMORE – The Archdiocese of Baltimore will need to disclose more of its "third party" assets like schools and parishes during its bankruptcy case. The Archdiocese filed Chapter 11 bankruptcy in ...

Roomba maker iRobot filed for Chapter 11 bankruptcy protection and is set to be taken private in a restructuring plan.