As a last resort, many people file for bankruptcy when they are faced with overwhelming debt. In fact, 486,613 people filed for bankruptcy in 2024 — up 16.2% from the previous year. In addition to 464 ...

Bankruptcy doesn't disappear from your financial record when the bankruptcy process is complete, even once your debts are ...

A bankruptcy filing can stay on your credit report for up to 10 years. The immediate drop can be steep, often more than 100 ...

Generally speaking, retirement accounts are afforded a great deal of protection. If you file bankruptcy, creditors cannot go after your retirement savings. This includes individual retirement accounts ...

Financial hardship is no joking matter. Fortunately, on April 1, 2025, a small measure of relief is coming for struggling small businesses and individuals. The U.S. Bankruptcy Code will be ...

Bankruptcy is the busiest federal court in the U.S. Last year, more than 200 companies with at least $50 million in liabilities filed for bankruptcy, according to Bloomberg. That’s the second most ...