The global vodka company filed a motion to convert its Chapter 11 bankruptcy reorganization to a Chapter 7 liquidation.

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

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 ...

A United States-based airline has filed for bankruptcy. This bankruptcy has come a little over a month after the passing of the company’s founder and CEO. The United States Courts website describes ...