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 ...

The family-owned mattress retail chain's creditors file to convert its bankruptcy to Chapter 7 liquidation.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. One of these rules, known as the "90-day rule," can have a big impact on ...

Recent economic news reports have highlighted increasing inflation rates, rising unemployment numbers, and growing consumer credit delinquencies. Other factors, including medical and student loan debt ...

On February 6, 2026, President Trump, after near unanimous support by the U.S. Senate and the U.S. House of Representatives, signed into law the Bankruptcy Administration Improvement Act of 2025 (the ...

A court-appointed trustee will sell off Daryl Heller’s assets to satisfy debts following a federal bankruptcy judge’s order this week to convert Heller’s personal bankruptcy case from a Chapter 11 ...