The two budget carriers had been discussing a combination for months, with Spirit rejecting a post-Chapter 11 proposal as ...

Once you file, an automatic stay goes into effect, which is a powerful legal protection that stops creditors from pursuing ...

Understanding how bankruptcy works and when to file for bankruptcy is critical in determining whether it’s the right step for ...

Sallie Mae, which formally operates under the updated name SLM, posted an earnings miss after the close on Thursday. American Express follows early Friday. SLM stock fell in late trade. SLM offers ...

Bankruptcy courts are vigilant about ensuring the process is not abused. As a result, concealing assets, making fraudulent ...

The two most common types of bankruptcy for individuals are Chapter 7 and Chapter 13, each with its own eligibility criteria ...

Independence Contract Drilling eliminated more than $197 million of convertible debt in the restructuring process.

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

You recently declared bankruptcy. It's not impossible to refinance student loans if you've declared bankruptcy, but it's more difficult. Many lenders require that a certain amount of time — up ...

Elon Musk warns that the US is on the brink of financial collapse due to its $36.14 trillion debt, with interest payments consuming 23% of federal revenue. He suggests a 30% cut in federal ...

An estimated 7.5 million borrowers are in default for their student loans, according to data from the Department of Education, and defaults may rise with the pause on collections ending.