Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender.

Chapter 7 bankruptcy involves liquidating a debtor's non-essential assets to repay creditors. Chapters 11 and 13 are more expensive and longer than Chapter 7, but you can keep your assets. Chapter 7 ...

The global vodka company filed a motion to convert its Chapter 11 bankruptcy reorganization to a Chapter 7 liquidation.

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 ...

The increase in bankruptcy filings comes as Americans face a slate of economic pressures, from sticky inflation to elevated ...

The health care sector has faced economic problems over the last two years with rising labor and operating costs driven by inflation, increased liability insurance rates, and a decline in ...

​Stoli Group (USA), LLC and Kentucky Owl LLC, two subsidiaries of global spirits company Stoli Group, filed to convert their ...

One of the last companies hanging on to the DVD rental business is going the way of Blockbuster and other rental places. Chicken Soup for the Soul Entertainment has changed its original Chapter 11 ...

Mark Henricks has written on mortgages, real estate and investing for many leading publications. He works from Austin, Texas, where he engages in songwriting, wilderness backpacking, whitewater ...