No paycheck doesn't necessarily rule out bankruptcy, but there are a few important things to know before filing.

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 ...

Chapter 7 bankruptcy cases are straight liquidations sought by debtors who wish to have most or all of their debts discharged. In Chapter 7 cases, the Chapter 7 trustee obtains control over the debtor ...

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 ...

See if you qualify to lower your monthly payments, reduce multiple payments into 1 and become debt free in 24-48 months. Filing for bankruptcy should be a last resort, but it can give you a fresh ...

There is no limit on how many times you can file bankruptcy, but there is a waiting period between filings. Many, or all, of the products featured on this page are from our advertising partners who ...

Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card ...

Chapter 7 bankruptcy is faster and cheaper than Chapter 13 bankruptcy, but it’s not the best option for everyone. Many, or all, of the products featured on this page are from our advertising partners ...