Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. It’s often called “liquidation bankruptcy” because it can involve selling some property to pay ...

Applying for bankruptcy involves several crucial steps. Firstly, determine if bankruptcy is the best option for you, considering its impact on your credit score and assets. Consult with a financial ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Before filing for bankruptcy, you need to know what debts must be disclosed and what happens if you leave some out.