And now the owners of another specialty bar, popular dog bar chain Bar K, filed for Chapter 7 bankruptcy liquidation after ...

An ambitious burger concept aimed to disrupt fast food. Just a year later, it has filed for bankruptcy and closed its doors.

Chapter 7 stays on your record for 10 years, while Chapter 13 stays for seven years. That would seem to suggest that Chapter 7 is worse for your credit score, but with Chapter 7, your debt, or at ...

Credit Consequences of Chapter 7 vs. Chapter 13 Declaring bankruptcy, in general, has a negative impact on your credit, whether you file Chapter 7, Chapter 13 or another type of bankruptcy.

The Chapter 7 bankruptcy process only starts after you complete a credit counseling course from an approved agency. “The course can be taken online, over the phone, or in person,” Tayne said.

After announcing that its Berkeley Riverfront location would be closing in late July, Bar K has now filed for bankruptcy.

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Bankruptcy is a negative credit event, but the effect isn’t the same for everyone. Initially, Chapter 7 and Chapter 13 have the same effect on a credit score, which diminishes over time.

Chapter 7 bankruptcy is faster and cheaper than Chapter 13. Chapter 7 bankruptcy discharges, or erases, eligible debts such as credit card bills, medical debt and personal loans.

Chapter 7 bankruptcy can offer a financial reset, but it's not without consequences. You'll likely lose some assets, damage your credit and remain on the hook for certain debts.

Chapter 7 bankruptcy is the bankruptcy filing most often used by consumers. It provides protection from creditors, puts a stop to most collection efforts and can eventually wipe debts away ...