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How to Start a Business After Chapter 7 Bankruptcy

2. Ask family or friends for loans to get necessary funding. If your Chapter 7 filing is recent, obtaining funding from personal loans may be your only option. Sign a loan contract or IOU that ... read more

Can I Keep My Business If I File for Chapter 7 Bankruptcy?

If you have bills you can't pay as they come due, you can choose to rid yourself of some of them by filing for personal bankruptcy. You have a choice of filing for Chapter 7 or Chapter 13 bankruptcy. read more

How To File Bankruptcy on a Car Loan

What happens to your car depends on what type of bankruptcy you file for. When you file for Chapter 7 bankruptcy, you are required to sell your assets to repay your debts. In some cases ... read more

Luxury appliance retailer files Chapter 7 bankruptcy to liquidate

Luxury kitchen appliance and bath fixtures retailer Pirch on April 19 filed for Chapter 7 bankruptcy to liquidate its assets as it faces a wave of legal challenges from customers. read more

When to Declare Bankruptcy

Filing for bankruptcy has negative consequences that can last for years. The two common types of personal bankruptcy—Chapter 7 and Chapter 13—will stay on your credit record for 10 years and ... read more

How Often Can Chapter 7 Bankruptcy Be Filed?

Under U.S. bankruptcy law, individuals can file for Chapter 7 bankruptcy every eight years from the date of the discharge of their previous Chapter 7 bankruptcy. This type of bankruptcy ... read more

Chapter 7 vs. Chapter 13 Bankruptcy: Which Is Best for You?

"It is truly simple to file a Chapter 7 fresh-start bankruptcy," Rosenblum says ... and you want to pay your creditors yourself over time rather than risk losing your asset to a Chapter 7 ... read more

Pirch files for Chapter 7 bankruptcy

Luxury kitchen and bath appliance retailer is also facing multiple civil suits filed by customers, landlords and other merchants. Filing estimates it is more than $100 million in debt. read more

Bankruptcy: Definition & When To File

Filing for bankruptcy is ... Depending on the type of bankruptcy filed, you could eventually lose important assets. For example, Chapter 7 can only delay a home foreclosure and not halt it. read more

Here's What You Need To Know About Filing For Chapter 13 Bankruptcy

The effects of the bankruptcy, however, will only stay on your credit report for seven years as opposed to the ten years faced by those who file for Chapter 7. read more

What Is Chapter 13 Bankruptcy? Definition & Eligibility

A Chapter 13 bankruptcy allows a debtor's finances to be reorganized and a plan to be developed for loan repayment over a period of time. When you think of bankruptcy, you may think of someone ... read more

Chapter 13 Bankruptcy: How It Works, Eligibility & Alternatives

Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. She has been an investor, entrepreneur, and advisor for more ... read more