The parent company of a major mattress and bedding retail chain filed for Chapter 7 bankruptcy to liquidate and close all of ...

Consumers purchased the beds in stores nationwide from September 2019 through April 2024 for between $150 and $250. In ...

Nibley, Utah – CVB Inc. is the subject of an involuntary Chapter 7 bankruptcy petition filed in U.S. Bankruptcy Court for the ...

After 125 harvest seasons, the grower cooperative —one of California’s oldest continuous produce brands— has filed Chapter 7 ...

The Chapter 7 bankruptcy process only starts after you complete a credit counseling course from an approved agency. “The course can be taken online, over the phone, or in person,” Tayne said.

Credit Consequences of Chapter 7 vs. Chapter 13 Declaring bankruptcy, in general, has a negative impact on your credit, whether you file Chapter 7, Chapter 13 or another type of bankruptcy.

Chapter 7 allows you to discharge your debts by selling non-exempt assets, whereas Chapter 13 discharges debts by creating a repayment plan and paying the debts off over three to five years.

Chapter 7 doesn’t usually provide a discharge for IRS tax debt, student loans or child support arrears. You can lose assets. This may include cash or even your home, in some cases.

Chapter 7 vs. Chapter 13 bankruptcy Chapter 13 is an alternative bankruptcy proceeding that allows you to keep more assets but takes much longer and reorganizes debt, rather than writing it off.

The Bankruptcy Code provides that a debtor may voluntarily convert its case from Chapter 11 to Chapter 7 unless a Chapter 11 trustee has ...

A co-signer will be held responsible for the debt if a borrower files for Chapter 7 bankruptcy. Here’s what you should know in order to protect yourself.