Liquidation

A music industry business manager who has acknowledged failing to file income tax returns for the Black Eyed Peas and other clients has filed for bankruptcy. In a petition Sunday seeking Chapter 7 protection in the U.S. Bankruptcy Court in Los ...

A Delaware bankruptcy judge has signed off on the Tribune Co.'s latest reorganization plan and a process for creditors to vote on it. Judge Kevin Carey said Monday that he would approve a supplemental disclosure statement by Tribune after minor revisions ...

A music industry business manager who has acknowledged failing to file income-tax returns for the Black Eyed Peas and other clients has filed for bankruptcy. In a petition Sunday seeking Chapter 7 protection in the U.S. Bankruptcy Court in Los ...

Patriot Building Co. Inc., a Hillsborough-based commercial builder, has filed for bankruptcy liquidation, citing $1.3 million in liabilities. On a Chapter 7 petition it filed April 13, Patriot Building Co. Inc. reported debts of $208,000 to BB&T ...

Chapter 7 bankruptcy is also known as liquidation bankruptcy. Under Chapter 7 bankruptcy, your non-exempt assets are liquidated to pay off most, if not all your debts. However, there are debts that can be discharged through Chapter 7 bankruptcy and there ...