Before filing for bankruptcy, you need to know what debts must be disclosed and what happens if you leave some out.

Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. It’s often called “liquidation bankruptcy” because it can involve selling some property to pay ...

As Tricolor Holdings' moves through its Chapter 7 bankruptcy proceedings, a rating agency followed through on its intention ...

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 ...

*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 ...

The evidence of Tricolor’s high-speed collapse could be seen clearly inside the vehicles its customers entrusted it to repair ...

Tricolor Auto Group files for Chapter 7 bankruptcy, affecting over 25,000 creditors and leaving customers with car and credit ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Both KBRA and S&P Global Ratings gave updates this week about its ongoing evaluation of securitizations made by Tricolor ...