Discharge rate. This is a term that's used to describe the completion or success rate of a bankruptcy. In 2021, there were 288,327 Chapter 7 filings and 120,002 Chapter 13 filings in the U.S.

Within those numbers, 12 hospital companies filed for bankruptcy in 2023, while five filed in 2024. 💵💰 Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 ...

Typically, Chapter 13 bankruptcies are easier to get as you’ll need to pass a means test to qualify for Chapter 7 bankruptcy, which is more about asset liquidation than debt reorganization.

There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or “rehabilitation bankruptcy.” ...

Chapter 7 bankruptcy can offer a financial reset, but it's not without consequences. You'll likely lose some assets, damage your credit and remain on the hook for certain debts.

Chapter 7 bankruptcy lets the debtor liquidate all nonexempt property and discharge their debts within three to six months. In 2024, 310,631 Americans filed for Chapter 7 bankruptcy, ...

A United States fashion retailer was hit with scandal a couple of months back, forcing it to file for Chapter 11 bankruptcy. Now, the retailer has filed for Chapter 7 bankruptcy in order to try to ...

The bankruptcy means test determines who can file for debt forgiveness through Chapter 7 bankruptcy. It takes income, expenses and family size into account.