Guidance for business entities seeking to liquidate their assets under Chapter 7 of the Bankruptcy Code, including why a financially distressed business may choose liquidation under Chapter 7 rather ...

*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...

Evidence from senior creditors reveals how payment-processor practices deepened the crisis — and why the Chapter 7 estate now ...

Once a company files for bankruptcy protection, it puts itself at the mercy of the court. Sometimes that’s not a problem as the company enters with a plan and that plan gets executed. In some cases, ...

A federal judge ruled that a bankruptcy proceeding for Dr. Phil McGraw's Merit Street Media, the TV personality's failed television network venture, must convert to a Chapter 7 liquidation.

A Somerville, N.J., lawyer is fighting a malpractice suit claiming he failed to inform a client that an employment-bias case had been thrown out 10 years earlier and, after the client filed for ...