Bankruptcy exemptions determine what property you can keep, so knowing these limits is crucial before you file.

Americans filed hundreds of thousands of bankruptcy petitions over the past year, with Chapter 7 representing a large percentage of those cases. That makes sense considering that Chapter 7 is ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, what can you lose when you file for bankruptcy? Here's a closer look ...

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 ...