Bankruptcy is a legal process designed to relieve debt that a borrower cannot repay. It offers individuals and businesses a fresh financial start by liquidating assets or establishing a payment plan.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Before you file, there's a critical piece of bankruptcy information you ...

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 ...

Is Eddie Bauer going out of business in 2026? Retail operator for stores across the U.S. and Canada filed for Chapter 11 bankruptcy.

Opinion: Giving bankruptcy judges access to special masters would strengthen their ability to manage high-stakes cases that have become increasingly common.

DAYTONA BEACH — It is not publicly known whether the financially struggling owners of CMX Cinemas currently owe money to NASCAR, the landlord of the movie theater chain's CMX Daytona Luxury 12 ...