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What is a Chapter 7? Chapter 7 bankruptcy, also called liquidation, is the most common type of bankruptcy and completely eliminates your dischargeable debt forever. Individuals or businesses who are granted Chapter 7 bankruptcy discharge have proven to the ...

The petitions and affidavits of the winding up process, which is the Cayman Islands equivalent to a Chapter 7 bankruptcy liquidation process in the United States, make for an interesting read. China Medical is a Cayman-based company, and therefore ...

Stockton-- At 8 years old, Elizabeth Cerna doesn't know anything about Stockton going bankrupt, but she knows a lot about hope. She's been saving coins she finds on the sidewalk so her family can move out of the city homeless shelter where they wound up ...

Bankruptcy filings routinely bring a halt to all litigation involving the debtor, but environmentalists are asking the judge to lift the automatic stay so they can pursue an appeal they filed just a few weeks before RG Steel's bankruptcy filing.

“We look forward to a seamless transition for our customers.” The case is In re Cinram International Inc., 12-11882, U.S. Bankruptcy Court, District of Delaware (Wilmington) To contact the reporter on this story: Michael Bathon in ...