In a Chapter 7 bankruptcy, creditors may seize assets to repay your debt. However, these assets are subject to federal and state bankruptcy exemptions, so there are limits and restrictions on the ...

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 ...

It has been quite a few years since personal bankruptcies hit the headlines. Before the COVID-19 pandemic, personal ...