Bankruptcy is a legally declared inability by an individual, or business, to pay their creditors. The declaration is known as seeking bankruptcy protection (from creditors) or initiating a bankruptcy filing. Unsecured debts -- like credit card balances -- are typically in peril in bankruptcy filings. But recent changes to the U.S. bankruptcy code have seen more consumers forced to file Chapter 13, which requires a debt repayment plan, rather than Chapter 7, which effectively wipes out unsecured debt.

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4 February 2013

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30 January 2013

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7 January 2013

November Bankruptcy Filings Down 12 Percent over Previous Year

11 December 2012

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6 July 2012

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17 May 2012

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10 May 2012

April Bankruptcy Filings Fall 16 Percent from Same Time Last Year

4 May 2012

Fed Stress Test Will Show Signs of Healthier Banking Industry

13 March 2012

February Bankruptcy Filings Up 19% From January; Down 5% from 2011

12 March 2012

Consumer Bankruptcy Filings Decrease 11 Percent in 2011; Commercial Filings Fall 19 Percent

10 January 2012

November Consumer Bankruptcy Filings Drop 12 Percent from Last Year

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