Learn the essentials of bankruptcy, including eligibility, timelines, and alternatives, to make informed financial decisions.

As sad as it can be, restaurants have to declare bankruptcy sometimes for myriad reasons. There are several types of bankruptcy, but these two fit restaurants.

Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card ...

*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...

On June 20, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a statement of interest in support of converting the bankruptcy case of Synapse Financial Technologies, Inc. from Chapter 11 ...