chapter 7

The cost of filing for bankruptcy has risen in recent years as a result of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which aimed to reduce the number of bankruptcies by adding more requirements to the filing process.

In this cloudy economy, we're all constantly hunting through the news and statistics for silver linings. Here's one that looks promising: In the first nine months of 2011, personal bankruptcy filings decreased 10% compared to a year earlier -- but experts say it's nothing to cheer about.

Filing for bankruptcy can be a complicated and stressful process, and if you make certain bankruptcy blunders, you have a high chance of having your case rejected by the court. So it's usually in your best interest to work with an experienced bankruptcy attorney who can explain to you the basics...

Many of those who genuinely believed Harold Camping's prediction that the Rapture would arrive Saturday are starting this week with no jobs and no belongings. DailyFinance can't address their spiritual anguish, but we can offer some advice on how they can regain their financial footing.

Blockbuster should liquidate instead of reorganize under new ownership because the video-rental store chain lacks the necessary cash to continue operations after a proposed sale is completed, Home Media Magazine reported, citing a division of the U.S. Justice Department.

It won't be such a happy holiday season for employees of InkStop. The printer ink and electronics retailer, which abruptly shut its doors Oct. 1, had said it would reopen after restructuring. On Friday, however, parties in charge of liquidating the company's assets announced that they had begun a...