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 ...

Companies in dire financial situations where bankruptcy is their best—or only—option have two main choices in the U.S.: ...

A court pauses liquidation as creditors fight for the future of iconic bourbon and vodka labels.

The essence of a Chapter 7 business bankruptcy is the orderly liquidation of the business debtor’s assets by a bankruptcy trustee and the distribution of funds to creditors. Troutman Pepper Locke's ...

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 ...

No paycheck doesn't necessarily rule out bankruptcy, but there are a few important things to know before filing.

Following a Wednesday hearing in federal bankruptcy court, one of Daryl Heller’s ATM companies is now officially in bankruptcy. Heller’s Blackford ATM Ventures was forced into bankruptcy by Silverview ...