Companies in dire financial situations where bankruptcy is their best—or only—option have two main choices in the U.S.: ...

A court pauses liquidation as creditors fight for the future of iconic bourbon and vodka labels.

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 ...

When a retail chain closes all its locations with no notice, that's not usually a good sign for the future of the brand.

Could your debt be reduced or forgiven? Take our financial relief quiz. Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ...

Diamond Comic Distributors Inc., the debtor in the long-running Chapter 11 bankruptcy, is now heading toward Chapter 7, with the debtor requesting that the U.S. Bankruptcy Court in Maryland convert ...

Poole Funeral Home, which filed Chapter 11 bankruptcy in May last year, has filed a motion to convert the case to Chapter 7.