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 ...

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Find out the key differences between Chapter 7 and Chapter 13 bankruptcy. Learn how to make an informed decision about which option is right for you.

*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...

With credit card debt sitting at record levels and more Americans struggling under the weight of high-rate balances, bankruptcy filings have become an increasingly common consideration for borrowers ...