Many debtors confuse dismissal with discharge, so it’s essential to check your paperwork to understand your status before ...

You can file for bankruptcy as often as you like; however, there are limits to how often you can receive a discharge. The timetable is as follows: Chapter 7 after Chapter 7: every 8 years Chapter 7 ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Vikki Velasquez is a researcher and writer who has managed, ...