Among those who filing were Boston Harbor Distillery, Westward Whiskey parent House Spirits Distillery, McCallum & Sons ...

Filing for Chapter 7 can wipe out your debt quickly, but some property may be on the line if it isn't protected.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So what determines whether you'll get approved for Chapter 7 bankruptcy?

Could your debt be reduced or forgiven? Take our financial relief quiz. There is no minimum debt requirement to qualify for Chapter 7 bankruptcy, according to U.S. bankruptcy law. In most cases, it ...

Canoo Inc. has filed for Chapter 7 bankruptcy, prompting the appointment of a Bankruptcy Trustee to manage the liquidation of its assets, as announced on January 17, 2025. Despite securing contracts ...

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 ...

Jet It grounded its fleet in 2023 leaving its fractional owners scrambling. The day before Christmas the story ended with a ...

Along with the sudden shutdowns of commercial airlines like Play and Blue Islands, a number of charter and fractional ...

Chapter 7 auto lender collapse leaves borrowers with limited credit facing tighter financing and fewer options for auto loans ...

As the last days of 2025 wind to a close, many industries have seen a number of high-profile bankruptcies in a challenging economy. In the airline world, travel companies and passengers are still ...

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, ...

Could your debt be reduced or forgiven? Take our financial relief quiz. The decision to file bankruptcy is a heady one, but then there is the question of which type of bankruptcy to file. You have ...