Lucas Downey is the co-founder of MoneyFlows, and an Investopedia Academy instructor. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in ...

Typically, your business's obligation to pay its debts is lifted once you receive your bankruptcy discharge. However, you may realize that you forgot to include a creditor in your bankruptcy once you ...

Could your debt be reduced or forgiven? Take our financial relief quiz. When you have a daunting amount of debt and are having trouble paying it back, bankruptcy is an option. Filing bankruptcy gives ...

If you’re getting hounded by creditors, facing foreclosure on your home or feeling overwhelmed by debt in other ways, bankruptcy might be the answer. Filing for bankruptcy has lasting ramifications on ...

Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. It’s often called “liquidation bankruptcy” because it can involve selling some property to pay ...

Ben Gran is a freelance contributor for Forbes Advisor on banking. He also writes for The Ascent (a Motley Fool service), where he covers insurance, credit cards, personal finance and investing. Ben ...

The Justice Department has updated a key application form under a new process that may make it much easier for many borrowers to discharge their federal student loans in bankruptcy. Here’s the latest.

Filing Chapter 7 bankruptcy is a serious financial decision for individuals who have large amounts of debt they likely won’t ever be able to repay. Though filing for Chapter 7 ultimately gives you a ...

Bankruptcy is a legal process to restructure or forgive debt to help economic recovery. Individuals and businesses must consider other debt management options before filing. Choosing the correct type ...

The number of Americans filing for individual bankruptcy is soaring this year. Filings for Chapter 7 bankruptcy — the most ...