Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender.

*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 ...

Chapter 7 bankruptcy offers relief from your debt, but the limitations of this approach can impact your finances.

Filing for Chapter 7? Avoid the errors that could derail your bankruptcy case or leave you worse off financially.

If you’re exploring bankruptcy, that probably means your debt situation is serious. It can be really frustrating to find out that bankruptcy cases cost money. If you had money, you might not need ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

Operating a craft brewery has been a challenging business over the last 2-1/2 years. Brewery owners have faced several economic issues that have impacted their ability to continue as going concerns, ...

The whiskey beverage producer files for Chapter 7 bankruptcy to liquidate its assets. Several whiskey distilleries filed for bankruptcy this year, blaming inflation and changing consumer attitude to ...