Bankruptcy is a legally declared inability by an individual, or business, to pay their creditors. The declaration is known as seeking bankruptcy protection (from creditors) or initiating a bankruptcy filing. Unsecured debts -- like credit card balances -- are typically in peril in bankruptcy filings. But recent changes to the U.S. bankruptcy code have seen more consumers forced to file Chapter 13, which requires a debt repayment plan, rather than Chapter 7, which effectively wipes out unsecured debt.
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American Pasta Drooping and News on Other Financially Challenged U.S. Companies for June 19
19 June 2008
No Go for Air, Auto and News on Other Financially Challenged U.S. Companies for June 17
17 June 2008
Airline Industry Could See Multiple Bankruptcies: Report
13 June 2008
Mrs. Fields Could Crumble and News on Other Financially Challenged U.S. Companies for June 10
10 June 2008
United Grounds More Planes and News on Other Financially Challenged U.S. Companies for June 5
5 June 2008
Frontier Airlines and First Data Announce an Agreement on Credit Card Processing Terms
4 June 2008
Vallejo Seeks June 9 Deadline for Creditors to Step Forward
30 May 2008
Shocking Profit Drop for Casual Male and News on Other Financially Challenged U.S. Companies
28 May 2008
Foreclosures Skyrocketing Near Military Bases: Report
28 May 2008
Vallejo Faces Debts of $17 Million in Bankruptcy
27 May 2008
A Customer in Bankruptcy
23 May 2008
GM, Southwest Raising Funds and News on Other Financially Challenged U.S. Companies for May 14
15 May 2008
Trump Loses Nearly $19 million and News on Other Financially Challenged U.S. Companies for May 13
13 May 2008
Vallejo, Calif. Files for Bankruptcy
8 May 2008
Aloha to Liquidate and Other Financially Challenged U.S. Companies for May 1
1 May 2008
Motorola Sinking and Other Financially Challenged U.S. Companies for April 29
29 April 2008
PR - Business Bankruptcies Rise 43 Percent in 2007
24 April 2008
GM Cuts Production and Other Financially Challenged U.S. Companies for April 23
23 April 2008
Bankruptcy Filings Jump in 2007
16 April 2008
The Education Resources Institute (TERI) Files for Chapter 11
9 April 2008