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

D istrict 7 Grill, a chain of Houston restaurants that has been serving Downtown and Midtown diners for more than 20 years, ...

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.

Comparing Chapter 7 vs. Chapter 13 bankruptcy helps you choose the right option. Chapter 7 is ideal for low-earning households who want to keep their homes but receive debt forgiveness for medical ...

The most common types of bankruptcy are Chapter 7 and Chapter 13. This article breaks down these two options, including how they work, the pros and cons of each and how to file.

To qualify for Chapter 7 bankruptcy, you must pass the "means test," which compares your income to the median income in your state. If your income is below the median, you automatically qualify.

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

Chapter 7 bankruptcy can be completed in three to six months (versus three to five years for Chapter 13 bankruptcy.) You get to keep all your salary and wages after you file.

Chapter 7 bankruptcy is often referred to as “liquidation” bankruptcy. In this process, the court appoints a trustee to sell your non-exempt assets and use the proceeds to pay back creditors ...

A chapter 7 bankruptcy is filed in one of the 94 federal judicial districts’ bankruptcy courts. A petition is filed with the court that states the financial situation of the company and explains ...

And even if not converted to Chapter 7 or dismissed, some Chapter 11 proceedings still result in the business closing its doors and liquidating rather than reorganizing. All this can take a long time.

Declaring bankruptcy, in general, has a negative impact on your credit, whether you file Chapter 7, Chapter 13 or another type of bankruptcy. Filing bankruptcy can make it more difficult and more ...