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Bankruptcy is a legally declared inability by an individual, or business, to pay their creditors. The declaration is known as seeking bankruptcy protection (from creditors) or initiating a bankruptcy filing. Unsecured debts -- like credit card balances -- are typically in peril in bankruptcy filings. But recent changes to the U.S. bankruptcy code have seen more consumers forced to file Chapter 13, which requires a debt repayment plan, rather than Chapter 7, which effectively wipes out unsecured debt.

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Commercial Bankruptcies: Assessment of Unexpired Leases

2 November 2009

The Receivables Exchange Stands Ready to Fill the Liquidity Gap in CIT Fallout

30 October 2009

Commercial Bankruptcies: Settlement Strategy in a Preference Action from a Creditor's Perspective

23 October 2009

Commercial Bankruptcies: Preference Payments

16 October 2009

Hearing Date Set for Circuit City Liquidation Plan and News on Other Banrupt U.S. Companies

5 October 2009

Equifax Commercial Information Solutions Releases New Quarterly Credit Trend Data

30 September 2009

Paul Allen May Lose Control of Charter in Banko and News on Other Challenged U.S. Companies

29 September 2009

Airline Finds Buyer and News on Other Challenged U.S. Companies

21 September 2009

Commercial Collector RMS Opens Online Business Center

17 September 2009

Report: Debt Settlement a Viable Path to Economic Recovery Over Bankruptcy

17 September 2009

Pilgrim's Pride May Have $2.5 billion Bidder and News on Other Challenged U.S. Companies

14 September 2009

The Anatomy of a Distressed Company Sale

9 September 2009

Bidders Line Up for NHL Team and News on Other Challenged U.S. Companies

9 September 2009

What?s Next for Bankruptcies in the Current Economy

3 September 2009

Tribune Co. Divests Cubs and News on Other Challenged U.S. Companies for Aug 24

3 September 2009

Credit Card Chargeoffs and Delinquencies Contracting Over Summer

26 August 2009

Reader's Digest Readies Planned Bankruptcy and News on Other Challenged U.S. Companies for Aug 24

24 August 2009

Consumer Bankruptcies on Pace to Hit Pre-Reform Levels in 2009

8 July 2009

Supreme Court Agrees to Hear Challenge to Bankruptcy Reform Law Provision

9 June 2009

Over $33 Billion in U.S. Consumer Credit at Risk of Default

18 May 2009

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