There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or “rehabilitation bankruptcy.” Learn how they differ.

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

*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 ...

The evidence of Tricolor’s high-speed collapse could be seen clearly inside the vehicles its customers entrusted it to repair ...

Ganas Auto customers don't know where to make car payments after parent company Tricolor Holdings filed Chapter 7 bankruptcy on September 10.

The parent company behind Fram filters has filed for Chapter 11 bankruptcy. Here’s what it means for the iconic automotive ...

From contract losses to financial decline in certain segments, the leaders at Modivcare Inc. (Nasdaq: MODV) haven’t shied ...

Opa Authentic Greek Cuisine has filed for chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Northern District of ...

The Northern California concept closed all of its remaining five locations, making it the second chain this week to ...