Many debtors confuse dismissal with discharge, so it’s essential to check your paperwork to understand your status before ...

*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 ...

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 ...

Overwhelmed by debt? Bankruptcy isn't the only route. These options may provide faster and less damaging relief.

Even if your favorite restaurant has filed for bankruptcy, it might not all be bad news. Here's why you will still be able to ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Vikki Velasquez is a researcher and writer who has managed, ...