Chapter 7 bankruptcy is a section of the United States Bankruptcy Code that gives a debtor, the person in debt, a chance to wipe away their debts. However, this comes at a cost.

The bankruptcy code treats all creditors equally, and preferential payments can be clawed back. ... Chapter 7 bankruptcy can offer a financial reset, but it's not without consequences.

FEDERAL Bankruptcy Court Judge Robert J. Faris has ordered Imperial Pacific International to show cause why its Chapter 11 ...

On July 2, 2024, Shapeways (SHPW) and its subsidiaries submitted a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

The bankruptcy code treats all creditors equally, and preferential payments can be clawed back. ... Chapter 7 bankruptcy can offer a financial reset, but it's not without consequences.