It may seem like the easiest way out of devastating debt, but the consequences of declaring bankruptcy can be severe and long-lasting.

A Nov. 14 opinion from the U.S. Bankruptcy Court for the District of Delaware provides a reminder of the potentially severe punishment that a party can suffer as a result of its violation of the ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Usually, when you file for bankruptcy, the court will issue a stay that stops collection efforts. However, bankruptcy may not ...

The recent bankruptcy filing by auto parts giant Delphi, could have a major negative impact on the company's 50,000 U.S. workers. Commentator Lester Spence says the economic crisis likely to follow in ...

Burford Capital’s litigation funding claim faces a setback as its $35M antitrust investment is ruled unsecured in U.S.

Hoosiers without a direct connection to Chrysler have been hurt by the federal government's mishandling of the automaker's restructuring. When Obama administration bureaucrats sought to use the ...

A subsidiary of Sinclair Broadcast Group Inc., Diamond Sports Group, LLC (“Diamond”) (branded as Bally Sports) which operates 19 regional sports networks that televise MLB, NHL and NBA games is ...

PG&E Corp., owner of the largest electric utility in America's most populous state, plans to file for bankruptcy Tuesday, and the ripple effects are likely to stretch far beyond California and the ...

The lasting consequences of a "disastrous property business" has left former Liverpool defender Steve Finnan on the brink of ...