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what is chapter 7 bankruptcy

Are there any tax implications for filing Chapter 7 bankruptcy?

A few years ago I settled a debt with a credit card company and I had to claim the part of the debt that was forgiven as income. Now here it is about 8 years later and I am having to file chapter 7, with all the $25K in unsecured debt that I have, will [...]

Has global financial reform run out of steam?

Charlie Batch Filed For Chapter 7 BankruptcyLast December, metropolis Steelers patronage back Charlie Batch filed for Chapter 7 bankruptcy.Brian Gaynor: Watchdog contradictory in ingest of powersThe stylish collection of dishonorable offers from physiologist Whimp pinpoints whatever of the inconsistencies related with the Securities Commission and its fault of our business markets.Whimp has eventually been condemned [...]

Borders Group Files for Reorganization Relief Under Chapter 11

Press Release Source: Borders Group, inc. On Wednesday February 16, 2011, 7:15 am EST ANN ARBOR, Mich.,  Feb. 16, 2011 /PRNewswire-FirstCall/ – “It has become increasingly clear that in light of the environment of curtailed customer spending, our ongoing discussions with publishers and other vendor related parties, and the company’s lack of liquidity, Borders Group [...]