Bankruptcy. There’s probably no scarier word out there for a small business owner. When you think of bankruptcy, you may think of financial ruin—losing your business and maybe even the home, car, or ...

The decision to file for bankruptcy is rarely an easy one to make. For many people, a bankruptcy filing comes after months or even years of struggling with mounting debt, creditor calls and the ...

If you're overwhelmed by debt, bankruptcy can seem like the only way out. But that relief comes with lasting consequences. It's a major legal step that can remain on your credit report for up to seven ...

Bankruptcy can halt many garnishments — but Social Security is a different story. Here's what to know.

Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has ...