Income limits vary by bankruptcy type, state, and household size, but they're typically higher than people expect.

Bankruptcy is a legal process that helps businesses and consumers get rid of their debt and repay their creditors. It can be a financial lifeline and an opportunity for people to discharge high debt ...

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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ...