And now the owners of another specialty bar, popular dog bar chain Bar K, filed for Chapter 7 bankruptcy liquidation after ...

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Chapter 7 stays on your record for 10 years, while Chapter 13 stays for seven years. That would seem to suggest that Chapter 7 is worse for your credit score, but with Chapter 7, your debt, or at ...

Credit Consequences of Chapter 7 vs. Chapter 13 Declaring bankruptcy, in general, has a negative impact on your credit, whether you file Chapter 7, Chapter 13 or another type of bankruptcy.

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After announcing that its Berkeley Riverfront location would be closing in late July, Bar K has now filed for bankruptcy.

The Chapter 7 bankruptcy process only starts after you complete a credit counseling course from an approved agency. “The course can be taken online, over the phone, or in person,” Tayne said.

Chapter 7 doesn’t usually provide a discharge for IRS tax debt, student loans or child support arrears. You can lose assets. This may include cash or even your home, in some cases.

Bankruptcy is a negative credit event, but the effect isn’t the same for everyone. Initially, Chapter 7 and Chapter 13 have the same effect on a credit score, which diminishes over time.

Commercial Chapter 11 filings totaled 911 in July, an increase of 78% over the 512 filings in July 2024, according ...

Chapter 7 bankruptcy is the bankruptcy filing most often used by consumers. It provides protection from creditors, puts a stop to most collection efforts and can eventually wipe debts away ...