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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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Industry Counters BusinessWeek 'Prisoners' Portrayal

16 November 2007

Bankruptcy Collectors Say BusinessWeek Paints Fuzzy Picture

14 November 2007

U.K. Bankruptcies Down as Banks Deny More Card Applicants

8 November 2007

Bankruptcy Filings Rise as Congress Mulls Mortgage Reform

6 November 2007

Visa, Experian Join for Risk Products

27 September 2007

Some Lenders More Willing to Foreclose

13 September 2007

Judge Overturns Distressed Commercial Debt Ruling

29 August 2007

Bankruptcy Filings Jump 48% in First Half of 2007

20 August 2007

Prof Argues Card Issuers Like Bankrupt Consumers

13 August 2007

Bankrupt Firms Could Pay Higher Fees

13 August 2007

Experts Disagree On Medical Debt and Bankruptcy

19 July 2007

Drilling Down on Consumer Bankruptcy

12 July 2007

Bankruptcy Filings Up 66% in First Quarter

28 June 2007

Who?s Bankrupt? Just Your Average Jane

25 June 2007

Commercial Bankruptcy Declines Tied to Economy

20 June 2007

WWR Associate Geoffrey Peters Obtains LL.M. in Bankruptcy

8 June 2007

Trade Credit Insurer Forecasts Sharp Rise In U.S. Business Bankruptcies

7 June 2007

Beyond Identity Theft - Credit Card Fraud Gets Smarter

30 May 2007

Consumer Groups Call for Bankruptcy Reform Amid Subprime Meltdown

13 April 2007

Subprime Lender New Century Files for Bankruptcy; Sells Billing and Collection Unit

3 April 2007

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