U.S. corporate bankruptcies approached a 14-year high in 2024 and are expected to continue at a steady pace in 2025. With this increase in business bankruptcies across industries, it’s possible that ...

Spirit Airlines became the first major U.S. airline in 13 years to file for a Chapter 11 bankruptcy after facing mounting debts and declining revenues. The bankruptcy filing comes after a federal ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...