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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. One of these rules, known as the "90-day rule," can have a big impact on ...

When Americans are drowning in debt — and a lot of them are right now, considering that recent data shows credit card balances have topped $1.2 trillion with average credit card APRs hovering above 22 ...

A court-appointed trustee will sell off Daryl Heller’s assets to satisfy debts following a federal bankruptcy judge’s order this week to convert Heller’s personal bankruptcy case from a Chapter 11 ...

Drowning in debt? Both Chapter 7 and Chapter 13 bankruptcy could offer relief, but they work very differently.

On February 6, 2026, President Trump, after near unanimous support by the U.S. Senate and the U.S. House of Representatives, signed into law the Bankruptcy Administration Improvement Act of 2025 (the ...

Fred Stevens, who had been the Chapter 11 trustee in Lancaster businessman Daryl Heller’s personal bankruptcy case, will continue to oversee the case following its conversion to a Chapter 7 ...