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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American Pasta Drooping and News on Other Financially Challenged U.S. Companies for June 19

19 June 2008

No Go for Air, Auto and News on Other Financially Challenged U.S. Companies for June 17

17 June 2008

Airline Industry Could See Multiple Bankruptcies: Report

13 June 2008

Mrs. Fields Could Crumble and News on Other Financially Challenged U.S. Companies for June 10

10 June 2008

United Grounds More Planes and News on Other Financially Challenged U.S. Companies for June 5

5 June 2008

Frontier Airlines and First Data Announce an Agreement on Credit Card Processing Terms

4 June 2008

Vallejo Seeks June 9 Deadline for Creditors to Step Forward

30 May 2008

Shocking Profit Drop for Casual Male and News on Other Financially Challenged U.S. Companies

28 May 2008

Foreclosures Skyrocketing Near Military Bases: Report

28 May 2008

Vallejo Faces Debts of $17 Million in Bankruptcy

27 May 2008

A Customer in Bankruptcy

23 May 2008

GM, Southwest Raising Funds and News on Other Financially Challenged U.S. Companies for May 14

15 May 2008

Trump Loses Nearly $19 million and News on Other Financially Challenged U.S. Companies for May 13

13 May 2008

Vallejo, Calif. Files for Bankruptcy

8 May 2008

Aloha to Liquidate and Other Financially Challenged U.S. Companies for May 1

1 May 2008

Motorola Sinking and Other Financially Challenged U.S. Companies for April 29

29 April 2008

PR - Business Bankruptcies Rise 43 Percent in 2007

24 April 2008

GM Cuts Production and Other Financially Challenged U.S. Companies for April 23

23 April 2008

Bankruptcy Filings Jump in 2007

16 April 2008

The Education Resources Institute (TERI) Files for Chapter 11

9 April 2008