Chapter 7 bankruptcy has specific income requirements, but many filers qualify. Here's what determines the outcome.

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Vikki Velasquez is a researcher and writer who has managed, ...

The average American household currently carries over $7,000 in credit card debt, and for a large number of borrowers, other debts, like medical bills and personal loan debts, are also piling up amid ...

*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 ...

Epiq AACER linked the rise to the "mounting financial pressure" faced by Americans in 2025, reflected in rising household ...

Today we report on two recent decisions. One involves the calculation of landlord damage claims and the extent such claims are subject to the damage cap under Section 502 of the Bankruptcy Code. The ...

The trustee in the bankruptcy case of Deion Sanders' son Shilo has filed a complaint against the former Colorado football ...