Debt settlement and bankruptcy are drastic solutions for serious financial problems. Most consumers who qualify for Chapter 7 are better off choosing bankruptcy. Debt settlement can be a better option ...

Companies in dire financial situations where bankruptcy is their best—or only—option have two main choices in the U.S.: Chapter 7 bankruptcy or Chapter 11 bankruptcy. Both are also available to ...

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 ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

Filing for bankruptcy isn't a decision that most people take lightly, and for good reason. Not only does a bankruptcy have a significant impact on your finances, but you must also meet specific ...

You might be able to negotiate debt settlement with your lender, either by yourself or with the help of a credit counselor or debt settlement company. There are even AI tools that will negotiate for ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But figuring out what counts as too much isn't as simple as checking a ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ...