The Justice Department has updated a key application form under a new process that may make it much easier for many borrowers to discharge their federal student loans in bankruptcy. Here’s the latest.

When a debtor LLC receives a discharge order from a bankruptcy court, a creditor is prevented from enforcing any preexisting debts against the discharged LLC as a personal liability. This is known as ...

Bankruptcy exemptions determine what property you can keep, so knowing these limits is crucial before you file.

Recent bankruptcy court rulings could help private student loan borrowers meet the stringent standards. Many, or all, of the products featured on this page are from our advertising partners who ...

Filing for bankruptcy to eliminate student loan debt has long been seen as nearly impossible - but changes in policy and ...

Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited. By Tara Siegel Bernard ...

Addressing a split among bankruptcy courts in their interpretation of whether a corporate debtor, like an individual debtor, is subject to the exceptions to discharge outlined in 11 U.S.C. § 523(a) ...

Typically, your business's obligation to pay its debts is lifted once you receive your bankruptcy discharge. However, you may realize that you forgot to include a creditor in your bankruptcy once you ...

Life led Elizabeth Hadzic and Kim Coles to bankruptcy court. Hadzic, 50, a psychotherapist in Maryland, doesn’t make enough to support herself and her adult son, whose health struggles set her back ...