A bankruptcy filing can stay on your credit report for up to 10 years. The immediate drop can be steep, often more than 100 points. But it's not permanent damage. Many filers see their scores begin to recover within one to two years once they start paying bills on time, keeping balances low, and adding new positive credit lines.

Filing for bankruptcy can significantly impact both companies and their stakeholders, as seen in recent high-profile cases. Spirit Airlines’ Chapter 11 filing on November 19, 2024, raised immediate concerns for travelers,

Bankruptcy is an option when you are facing serious financial difficulties. Chapter 7 bankruptcy is a way to legally discharge unsecured debt, such as credit card debt, medical debt and personal loans, by a court order from a bankruptcy court.

A court determined that the TV host improperly filed for Chapter 11 bankruptcy to protect his own interests, with the intention of paying certain creditors over others.

A federal judge ruled that a bankruptcy proceeding for Dr. Phil McGraw's Merit Street Media, the TV personality's failed television network venture, must convert to a Chapter 7 liquidation.

Epiq AACER linked the rise to the "mounting financial pressure" faced by Americans in 2025, reflected in rising household debt levels as well as surveys which show growing pessimism among consumers about their personal economic security.

Four months after filing for Chapter 11 bankruptcy, national home decor and furnishings retailer At Home has completed its financial restructuring. The company has emerged from Chapter 11 and says it has “eliminated substantially all of its nearly $2 billion in funded debt.”

An Alabama judge overseeing Jackson Hospital & Clinic’s bankruptcy said he’ll soon rule on possible sanctions against Gordon Rees Scully Mansukhani and attorney Cassie Preston over violations tied to court filings with fabricated AI-generated citations.

After a reported decline in sales, Texas-based CandyWarehouse.com filed for Chapter 11 bankruptcy on Friday, October 24. The company has been in business since 1998, and while not ready to close its doors, filing is an attempt to revive it.