Legislation passed by the US Senate would increase fees that Chapter 7 bankruptcy trustees earn per case, increase Chapter 11 ...

The average American household currently carries over $7,000 in credit card debt, and for a large number of borrowers, other debts, like medical bills and personal loan debts, are also piling up amid ...

The city of Harvey is a small place, but its recent pursuit of last-ditch, state financial aid proffers a huge question: Why can’t financially strapped Illinois municipalities with scant hope of ...

Value City Furniture's parent company is closing stores and selling company assets after filing for Chapter 11 bankruptcy, ...

When a company files Chapter 7 bankruptcy, it means the brand will be liquidated. That could result in a new beginning, if a new business or operator buys the brand and revives it. In theory, that can ...

Economic challenges across the country continue to impact businesses, with another Illinois company now filing for bankruptcy. Team Champions, Inc., a transportation company headquartered in Illinois, ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So what determines whether you'll get approved for Chapter 7 bankruptcy?